Writing a naked and covered call

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Reference no: EM1354838

Matt owns 500 shares of IKM stock. The market price of IKM is $51.74. Matt just sold five calls on IKM with a strike price of $50. This is known as
a) writing a naked call.
b) writing a covered call.
c) covering a short position.
d) creating a naked cover.

Reference no: EM1354838

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