Use these option quotes for JL stock to answer this question:
$$\begin{array} {cccccccc }
\text { Strike } & \text { Symbol } & \text { Lagt } & \text { Chy } & \text { Bid } & \text { Agk } & \text { Vol } & \text { Open Int } \
47.50 & \text { JLHW.x } & 6.00 & \uparrow .25 & 5.90 & 6.10 & 18 & 12 \
50.00 & \text { JLHJ.x } & 4.75 & \uparrow .30 & 4.80 & 5.00 & 17 & 14
\end{array}$$
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What price will you receive (per underlying share)if you sell the 47.50 call option on JL stock?
A)$4.80
B)$5.00
C)$5.90
D)$6.00
E)$6.10

Question

Use these option quotes for JL stock to answer this question:
$$\begin{array} {cccccccc } 
\text { Strike } & \text { Symbol } & \text { Lagt } & \text { Chy } & \text { Bid } & \text { Agk } & \text { Vol } & \text { Open Int } \
47.50 & \text { JLHW.x } & 6.00 & \uparrow .25 & 5.90 & 6.10 & 18 & 12 \
50.00 & \text { JLHJ.x } & 4.75 & \uparrow .30 & 4.80 & 5.00 & 17 & 14
\end{array}$$
-
What price will you receive (per underlying share)if you sell the 47.50 call option on JL stock?
A)$4.80
B)$5.00
C)$5.90
D)$6.00
E)$6.10

Quizplus · Accepted Answer

When selling a call option, you would receive the bid price, which for the 47.50 call option is $5.90.

Use These Option Quotes for JL Stock to Answer This