You purchase 21 call option contracts with a strike price of $115 and a premium
Question # 00376006
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Updated on: 09/01/2016 05:37 AM Due on: 09/01/2016
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 $ . |
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Rating:
5/
Solution: You purchase 21 call option contracts with a strike price of $115 and a premium