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What Is the Total Option Premium You Will Receive If  Iexas Instruments (TXN) \text { Iexas Instruments (TXN) }

Question 57

Multiple Choice

What is the total option premium you will receive if you sell 4 May $27.50 calls on Texas Instruments?
 Iexas Instruments (TXN)  \text { Iexas Instruments (TXN) }
\quad \quad \quad \quad \quad \quad \quad \quad CALL\text {CALL} \quad \quad \quad PUT\text {PUT}
 Exp  Strike  Bid  Ask  Bid  Ask  May 25.006.606.70 N/A .01 Jun 25.006.506.75 N/A .03 Oct 25.006.957.25.39.42 May 27.504.104.15 N/A .01 Jun27.504.054.30.07.10\begin{array}{llllll}\text { Exp } & \text { Strike } & \text { Bid } & \text { Ask } & \text { Bid } & \text { Ask }\\\text { May } & 25.00 & 6.60 & 6.70 & \text { N/A } & .01 \\\text { Jun } & 25.00 & 6.50 & 6.75 & \text { N/A } & .03 \\\text { Oct } & 25.00 & 6.95 & 7.25 & .39 & .42 \\\text { May } & 27.50 & 4.10 & 4.15 & \text { N/A } & .01\\\text { Jun}&27.50&4.05&4.30&.07&.10\end{array}


A) $90
B) $850
C) $1,640
D) $2,170
E) $3,375

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