单选题 An investor writes a July 20 call on a stock trading at 23 for premium of $4. The breakeven price on the trade and the maximum gain on the trade are, respectively: Breakeven Price Maximum Gain ①A. $24 $4 ②B. $24 $3 ③C. $27 unlimited

A、

A. ①
B、

B. ②
C、

C. ③

【正确答案】 A

【答案解析】The breakeven price is the premium received on the call plus the strike price. For a writer of an option, the maximum gain is the premium received.