You wrote eight call option contracts with a strike price of $42.50 at a call price of $1.35 per share.What is your net gain or loss on this investment if the price of the underlying stock is $40.30 per share on the option expiration date?
A) -$2,840
B) -$1,760
C) -$1,080
D) $1,080
E) $1,760
Correct Answer:
Verified
Q66: Last week,you purchased a call option on
Q67: Three months ago,Central Supply stock was selling
Q68: The common stock of Hazelton Refiners is
Q69: You own one call option with an
Q70: Electronic Importers has a pure discount bond
Q72: The Glass House has total assets currently
Q73: Several rumors concerning Value Rite stock are
Q74: The market price of Southern Press stock
Q75: You sold three $35 call option contracts
Q76: You currently own a one-year call option
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