Is writing a call the same as buying a put

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1. Is writing a call the same as buying a put, provided both have the same strike price and same expiration date? That is, do they give the same payoffs in future states of the world?

2. An option is far out-of-the-money and will expire tonight. How would you expect its value to change when the stock price change.

Reference no: EM131243394

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