You own three SPX call options with a strike of 1,800.What is the payoff at maturity for this option contract if the S&P 500 index is 1,820?
A) $0
B) $20
C) $200
D) $1,200
E) $6,000

Name: You own three SPX call options with a strike of 1,800.What is the payoff at maturity for this option contract if the S&P 500 index is 1,820? A) $0 B) $20 C) $200 D) $1,200 E) $6,000
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Question

Quizplus · Accepted Answer

Payoff = (1,820 - 1,800) × $100 × 3 = $6,000

You Own Three SPX Call Options with a Strike of 1,800.What