Multiple Choice
Several rumors concerning Wyslow stock have started circulating.These rumors are causing the market price of the stock to become increasingly volatile.Given this situation,you decide to buy both a one-month put and a one-month call option on this stock with an exercise price of $15.You purchased the call at a quoted price of $.20 and the put at a price of $2.10.What will be your total profit on these option positions if the stock price is $6 on the day the options expire?
A) $30
B) $670
C) $690
D) $710
E) $1,110
Correct Answer:

Verified
Correct Answer:
Verified
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