You purchased seven put option contracts with a strike price of $25 and a premium of $0.85. At expiration, the stock was selling for $24.80 a share. What is the total net amount you received for your shares, assuming that you disposed of your shares on the expiration date?
A) $17,955
B) $16,905
C) $17,045
D) $17,815
E) $17,160

Question

Quizplus · Accepted Answer

The Answer of You purchased seven put option contracts with a strike price of $25 and a premium of $0.85. At expiration, the stock was selling for $24.80 a share. What is the total net amount you received for your shares, assuming that you disposed of your shares on the expiration date?
A) $17,955
B) $16,905
C) $17,045
D) $17,815
E) $17,160

You Purchased Seven Put Option Contracts with a Strike Price