Solved

You Purchased Six TJH Call Option Contracts with a Strike

Question 58

Multiple Choice

You purchased six TJH call option contracts with a strike price of $40 when the option was quoted at $1.30. The option expires today when the value of TJH stock is $41.90. Ignoring trading costs and taxes,what is your total profit or loss on your investment?


A) $60
B) $320
C) $360
D) $420
E) $540

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q53: A financial contract that gives its owner

Q54: The assets of Blue Light Specials are

Q56: For every positive net present value project

Q57: A _ is a derivative security that

Q59: Three months ago,you purchased a put option

Q60: Martha B's has total assets of $1,750.

Q61: J&L,Inc. stock has a current market price

Q62: You purchased four WXO 30 call option

Q63: The difference between an American call and

Q104: Three weeks ago,you purchased a July 45