Multiple Choice
Suppose you purchased 10 put option contracts at a strike price of $90 on JCS stock at the quoted price of $0.90. At expiration, the stock price is $93.12. What is your profit on this transaction?
A) $2,200
B) - $90
C) $220
D) - $900
E) $0
Correct Answer:
Verified
Correct Answer:
Verified
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