You sold ten put option contracts on PLT stock with an exercise price of $32.50 and an option price of $1.10.Today,the option expires when the underlying stock is selling for $34.30 a share.Ignoring trading costs and taxes,what is your total profit on this investment?
A) $2,900
B) − $1,100
C) $700
D) $1,100
E) − $2,900
Correct Answer:
Verified
Q65: What is the cost of four October
Q66: Three months ago,you purchased three put option
Q67: You wrote ten put option contracts on
Q68: The market price of ABC stock has
Q69: You purchased five WXO 30 call option
Q71: You sold a put contract on EDF
Q72: You purchased eight TJH call option contracts
Q73: Three months ago,you purchased a put option
Q74: You wrote ten call option contracts on
Q75: You purchased five CVB call option contracts
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