You Own 400 Shares of ABC Stock

Multiple Choice

You own 400 shares of ABC stock. You think the market price will continue to rise buy would like to ensure that you can get at least $35 a share when you decide to sell your shares. The 35 call option has a quoted price of $1.10 and the 35 put option is quoted at $0.10. How much will it cost you to ensure that you can sell all of your shares for at least $35 each?

A) $4
B) $40
C) $360
D) $400
E) $440