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It is July and Toyotas stock price is 16,561 on the Tokyo Stock Exchange. Your analysis suggests that Toyotas stock is over
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Answer #1

PUT Options gives the RIGHT but NOT OBLIGATION, to Sell the Stock at the Strike Price.

Therefore, For a Speculative Position to Sell the Stock, Put Options will be purchased.

Break Even Share Price = Strike Price-Put Premium = 6300-121 = Yen 6179

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