A covered call strategy provides which main benefit?

1. AEliminates all risk
2. BEnsures unlimited upside in the stock
3. CGenerates income in exchange for possibly selling shares✓ Correct answer
4. DMaximizes downside protection

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• The primary purpose of a protective put is to:
• A put option has a strike price of $60 and a premium of $4. What is the breakeven price for the buyer?
• If a call option is out of the money at expiration, what happens?
• The maximum gain for a seller of a put option is: