Multiple Choice
You bought nine call option contracts with a strike price of $25.00 and a premium of $.50. At expiration, the stock was selling for $23.75 a share. What is the total profit or loss on your option position if you did not exercise it prior to the expiration date?
A) −$9.24
B) −$10.20
C) $0
D) −$270
E) −$450
Correct Answer:
Verified
Correct Answer:
Verified
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