Multiple Choice
You own two call option contracts on ABC stock with a strike price of $15. When you purchased the contracts the option price was $1.20 and the stock price was $15.90. What is the total intrinsic value of these options if ABC stock is currently selling for $14.50 a share?
A) -$280
B) -$180
C) -$100
D) $0
E) $100
Correct Answer:
Verified
Correct Answer:
Verified
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