Determine the number of contract to get a zero delta for


You have 3000 shares of stock and desire a ZERO Delta Position. Available are Calls with a $ 1.23 premium and a Delta of 0.45. Also AVAILABLE are PUTS with a premium of $ 0.73 and a Delta of 0.28. Determine the number of contract to get a zero delta for your portfolio and tell me if you are buying or selling those contracts.

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Financial Management: Determine the number of contract to get a zero delta for
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