# 1 Joe sold a put option on ZZZ corp with an exercise price of $40. The option is about to expire and ZZZ stock is currently trading at $28 per share. What is the value of Joes position? 1. $12 2. -412 3. $8 4. $16

# 2 You purchased a stock for $36 a share, a call option with an exercise price of $ 35, and a put option with an exercise price of $34. What will be the value of your position when the options expire if the stock price is $37? 1. $39 2. $37 3. $40 4. $2

# 3 You pay $4 for a call option with an exercise price of $20. If you exercise the option when the underlying stock is valued at $26, what is your net profit from the investment? 1. $2 2. $4 3. $6 4. $8