1a) The May 17, 2020, price quotation for a Boring call option with a strike price of $74 due to expire in November is $26.80, while the stock price of Boring is $75.80. The premium on one Boring November 74 call contract is __________.

Multiple Choice

• $2,580

• $7,300

• $7,400

• $2,680

1b) You purchase one MBI March 210 put contract for a put premium of $13. The maximum profit that you could gain from this strategy is _________.

Multiple Choice

• $210

• $1,300

• $19,700

• $21,000