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Last Week, You Purchased a Call Option on a Stock

Question 68

Multiple Choice
Last week, you purchased a call option on a stock with a strike price of $35. The stock price was $33.30 and the option price was $.35 at that time. What is the current intrinsic value per share if the stock is now selling at $36.60 a share?

Last week, you purchased a call option on a stock with a strike price of $35. The stock price was $33.30 and the option price was $.35 at that time. What is the current intrinsic value per share if the stock is now selling at $36.60 a share?


A) $1.25
B) $1.95
C) $1.60
D) −$3.30
E) $0

Correct Answer:

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