You simultaneously purchase 100 shares of an underlying stock priced at Rs 77 and write a call option on it with an exercise price of Rs 80 and selling at Rs 6. a. What is the term commonly used for…

You simultaneously purchase 100 shares of an underlying stock priced at Rs 77 and write a call option on it with an exercise price of Rs 80 and selling at Rs 6. a. What is the term commonly used for the position that you have taken? b. Determine the profit or loss of your strategy if stock prices at expiration are Rs 70, Rs 75, Rs 80, and Rs 85. c. Determine the maximum profit, maximum loss and break-even price of the strategy.