You own three SPX put options with a strike of 1,850.What is the payoff at maturity for this option contract if the S&P 500 index is 1,862?
A) -$2,200
B) -$22
C) $0
D) $22
E) $2,200

Name: You own three SPX put options with a strike of 1,850.What is the payoff at maturity for this option contract if the S&P 500 index is 1,862? A) -$2,200 B) -$22 C) $0 D) $22 E) $2,200
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Question

Quizplus · Accepted Answer

The payoff = $0; the option will not be exercised.

You Own Three SPX Put Options with a Strike of 1,850.What