You want the right,but not the obligation,to sell 600 shares of ZZ Industries stock at a price of $35 a share.How much will it cost you to establish this option position?
A)$422
B)$408
C)$360
D)$378
E)$382

Name: You want the right,but not the obligation,to sell 600 shares of ZZ Industries stock at a price of $35 a share.How much will it cost you to establish this option position? A)$422 B)$408 C)$360 D)$378 E)$382
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Option premium = 600 × $0.68 = $408

You Want the Right,but Not the Obligation,to Sell 600 Shares