Recall the options strategies of a protective put and covered call discussed in the text. Suppose you have sold short some shares of stock.

Complete Concept Question 12 from Chapter 15: Recall the options strategies of a protective put and covered call discussed in the text. Suppose you have sold short some shares of stock. Discuss analogous option strategies and how you would implement them. (Hint: They’re called protective calls and covered puts.)  Remember to complete all parts of the question and support your answers with examples from the text and other resources.

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