You wrote six put option contracts on Bakers Field stock with an exercise price of $30 and an option price of $2.20.The stock price was $31.20 a share on the option expiration date.Ignoring trading costs and taxes,what is your total net profit or loss on this investment?
A) −$1,320
B) $2,040
C) $1,320
D) $1,180
E) −$1,180
Correct Answer:
Verified
Q70: Allison's Market is currently valued at $68,400.The
Q71: Bruno's stock is currently selling for $31.74
Q72: Ed's Sheds has a $1,250 pure discount
Q73: The Whistle Stop has a stock price
Q74: A stock has a market value of
Q76: British Imports has a stock price of
Q77: A stock is currently priced at $53.80
Q78: The 3-month options on XYZ stock have
Q79: Valley Foods has a stock price of
Q80: The $17.50 put option on ALF stock
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents