MOCK A No.PZ2023122501000005
Based on the information in Exhibit 2, for a breakeven scenario, the percentage change in the NAIC share price for the collar strategy in Recommendation 1 is closest to:
A2.11%.
B4.26%.
C8.52%.
Per Recommendation 1, a collar option strategy is implemented by buying at-the-money put option and selling out-of-the-money call option.
Collar Option = Buy an ATM put and sell an out-of-the-money (OTM) call
为什么是用ATM put和OTM call？
