Multiple Choice
You wrote ten call option contracts on JIG stock with a strike price of $40 and an option price of $.40. What is your net gain or loss on this investment if the price of JIG is $46.05 on the option expiration date?
A) -$6,450
B) -$5,650
C) $400
D) $5,650
E) $6,450
Correct Answer:
Verified
Correct Answer:
Verified
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