Multiple Choice
You purchased eight TJH call option contracts with a strike price of $37.50 when the option quote was $.55.The option expires today when the value of TJH stock is $37.10.Ignoring trading costs and taxes,what is your total profit on your investment?
A) $0
B) −$120
C) −$440
D) $420
E) $760
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: What is the value of d<sub>2</sub> given
Q2: The fixed price in an option contract
Q4: You own stock in a firm that
Q5: An option that may be exercised only
Q6: The effect on an option's value of
Q7: The lower bound on a call's value
Q8: You own two call option contracts on
Q9: Assume you are reviewing a table that
Q10: Which of these will increase the value
Q11: Assume you purchase one share of a