Multiple Choice
Assume that you purchased shares of a stock at a price of $35 per share.At this time you purchased a put option with a $35 strike price of $3.The stock currently trades at $40.Calculate the dollar return on this option strategy.
A) $3
B) -$2
C) $2
D) -$3
E) $0
Correct Answer:
Verified
Correct Answer:
Verified
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