Eric Has an Option Position on Langdon Stock That Results

Eric has an option position on Langdon stock that results in a zero dollar payoff when the stock price is equal to or greater than the option strike price.What did he do to obtain this position?

A) Purchased a call option
B) Purchased a put option
C) Wrote a call option
D) Wrote a put option
E) No option position would have this result.

Correct Answer:

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