You purchase 21 call option contracts with a strike price of $115 and a premium

Offered Price: $ 5.00 Posted on: 09/01/2016 05:37 AM Due on: 09/01/2016
Question # 00376006 Subject Finance Topic Finance Tutorials: 1
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You purchase 21 call option contracts with a strike price of $115 and a premium of $4.40. Assume the stock price at expiration is $122.46.

1.What is your dollar profit? (Omit the "$" sign in your response.)
Dollar profit$
2.

What if the stock price is $108.41? (Negative amounts should be indicated by a minus sign. Omit the "$" sign in your response.)

If the stock price is $108.41, the call is

(Click to select)worthlessin-the-money

, so the dollar return is $ .

Tutorials for this Question
  1. You purchase 21 call option contracts with a strike price of $115 and a premium

    Available for: $ 5.00 Posted on: 09/01/2016 05:38 AM
    Tutorial # 00371711 Puchased By: 0
    Tutorial Preview
    cxll xxxxxx cxntrxcts xxxx x…
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    9604419.zip (8.13 KB)
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