Question
| Id | 88 |
|---|---|
| Number | 18 |
| Description | Pierre-Louis Robert just purchased a call option on shares of the Michelin Group. A few days ago he wrote a put option on Michelin shares. The call and put options have the same exercise price, expiration date, and number of shares underlying. Considering both positions , Robert’s exposure to the risk of the stock of the Michelin Group is: |