Multiple Choice
You wrote ten put option contracts on JIG stock with a strike price of $40 and an option price of $.40.What is your total profit on this investment if the price of JIG is $41.05 on the option expiration date?
A) $6,450
B) $5,650
C) $400
D) −$5,650
E) −$6,450
Correct Answer:
Verified
Correct Answer:
Verified
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