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1. A customer buys 100 shares of ABC at $60 and buys 1 ABC Jan 60 Put @ $7. The breakeven point is: A $53
1. A customer buys 100 shares of ABC at $60 and buys 1 ABC Jan 60 Put @ $7. The breakeven point is:
A $53 B $67. C $70. D $77
2. In November, a customer sells 1 ABC Jan 70 Call @ $4 when the market price of ABC is $71. The customer's maximum potential gain is:
A $400. B $6,600. C $7,400. D unlimited
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