Callie purchased 3 call options with a $37.50 strike price and a call premium of $0.910.On the expiration date,the underlying stock was priced at $40.20 per share.What is her percentage return on this investment?
A) -100 percent
B) 70.45 percent
C) 181.82 percent
D) 200.00 percent
E) 909.10 percent

Question

Quizplus · Accepted Answer

Percentage return = ($40.20 - $37.50 - $0.90) / $0.90 = 200.0 percent

Callie Purchased 3 Call Options with a $37