Lew Paid $300 to Purchase a Call on XYZ with a Strike

Multiple Choice

Lew paid $300 to purchase a call on XYZ with a strike price of $25. What does the market price of XYZ have to be for Lew to break- even on his option investment? Ignore transaction costs and taxes.

A) $22.
B) $28.
C) $25.
D) Cannot be determined from the information provided.