Underlying stock price: 45.80 Suppose you bought 10 Glaxo Oct 45 call contracts. Just before the option expires, the stock is selling for $50. What is your net proﬁt (or loss)? Ignore transaction costs.
A) -$220.
B) $1,200.00
C) $1,600.00
D) $2,200.00
E) $5,000.00

Question

Underlying stock price: 45.80  Suppose you bought 10 Glaxo Oct 45 call contracts. Just before the option expires, the stock is selling for $50. What is your net proﬁt (or loss)? Ignore transaction costs.
A) -$220. 
B) $1,200.00 
C) $1,600.00 
D) $2,200.00 
E) $5,000.00

Quizplus · Accepted Answer

The Answer of Underlying stock price: 45.80  Suppose you bought 10 Glaxo Oct 45 call contracts. Just before the option expires, the stock is selling for $50. What is your net proﬁt (or loss)? Ignore transaction costs.
A) -$220. 
B) $1,200.00 
C) $1,600.00 
D) $2,200.00 
E) $5,000.00

Underlying Stock Price: 45