What is the cost of ﬁve November 25 call option contracts on KNJ given the following price quotes?
KNJ (KNJ) Underlying share price: 30.86 $$\begin{array} { | l | l | l | l | }
\hline & & \text { Call } & \text { Put } \
\hline \text { Expiration } & \text { Strike } & \text { Last } & \text { Last } \
\hline \text { Aug } & 25 & 6.15 & .05 \
\hline \text { Nov } & 25 & 6.60 & 10 \
\hline \text { Aug } & 35 & 10 & 4.60 \
\hline \text { Nov } & 35 & 70 & 5.10 \
\hline
\end{array}$$

Question

What is the cost of ﬁve November 25 call option contracts on KNJ given the following price quotes? 
KNJ (KNJ) Underlying share price: 30.86 $$\begin{array} { | l | l | l | l | } 
\hline & & \text { Call } & \text { Put } \
\hline \text { Expiration } & \text { Strike } & \text { Last } & \text { Last } \
\hline \text { Aug } & 25 & 6.15 & .05 \
\hline \text { Nov } & 25 & 6.60 & 10 \
\hline \text { Aug } & 35 & 10 & 4.60 \
\hline \text { Nov } & 35 & 70 & 5.10 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The cost of one November 25 call option contract is given as €6.60. Since each standard option contract typically represents 100 shares, the cost for one contract is €6.60 * 100 = €660. Therefore, for five contracts, the cost is €660 * 5 = €3,300.

What Is the Cost of ﬁVe November 25 Call Option