Multiple Choice
There's a call option written for 100 shares of GM stock for $85.00 a share, prior to the third Friday of October 2017: The option writer:
A) has the option but not the requirement of selling 100 shares of GM for $85.00.
B) will sell 100 shares of GM for $85.00 on the third Friday of October 2017.
C) has the option to back out of this contract prior to the third Friday of October 2017.
D) is required to post margin.
Correct Answer:

Verified
Correct Answer:
Verified
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