High Tower stock is selling for $32.08 a share,the $30 puts are priced at $.62,and the $30 calls are priced at $2.36.How much will you receive if you write twenty $30 put option contracts?

Name: High Tower stock is selling for $32.08 a share,the $30 puts are priced at $.62,and the $30 calls are priced at $2.36.How much will you receive if you write twenty $30 put option contracts?
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Question

Quizplus · Accepted Answer

Amount to be received = 20 × 100 × $.62 = $1,240

High Tower Stock Is Selling for $32