One derivative related calculation
Using the AAPL option chain, assume you employ a covered call strategy with 1,000 shares of stock and the correct # of calls. Convert this to a delta neutral hedge with calls. Calculate the incremental (+ or -) # of calls you need. Calculate any required margin
Have to be familiar with derivatives at least have known the algebra or it’s hard to meet right answer within limited time. Some data is from “AAPL option chain” that has been attached. Expect to get more than 80% accuracy. Show your work step by step.