You own 4 put option contracts on ALZ stock.The contracts have a $17.50 strike price and you paid an option premium of $0.40.What is the break-even stock price?
A) $17.10
B) $17.30
C) $17.50
D) $17.70
E) $17.90

Name: You own 4 put option contracts on ALZ stock.The contracts have a $17.50 strike price and you paid an option premium of $0.40.What is the break-even stock price? A) $17.10 B) $17.30 C) $17.50 D) $17.70 E) $17.90
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Question

Quizplus · Accepted Answer

Break-even stock price = $17.50 - $0.40 = $17.10

You Own 4 Put Option Contracts on ALZ Stock