You own 10 put option contracts on JL Industrial stock. You paid an option premium of $.75 for a strike price of $26.25. On the option expiration date, the stock was selling for $25.15 a share. What is your percentage return?
A) −100.00%
B) −18.75%
C) 46.67%
D) 194.00%
E) 149.75%
Correct Answer:
Verified
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