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 2006: The option writer:
A) Has the requirement to sell 100 shares of GM for $85 a share on or before the third Friday of October 2006 if the option holder wants to exercise the option.
B) Has the option to sell 100 shares of GM for $85 a share on or before the third Friday of October 2006.
C) Can cancel the option before the third Friday of October 2006.
D) Does not have to post margin while the option holder does.
Correct Answer:

Verified
Correct Answer:
Verified
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