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8. You're a registered investment advisor, and your client Joyce buys 10 DIS Mar 120 calls @ 7. The current market price of DIS is

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8. You're a registered investment advisor, and your client Joyce buys 10 DIS Mar 120 calls @ 7. The current market price of DIS is $121 per share. Joyce calls you for advice on her options, which of the following are true statements? a. c. The exercise price of DIS is $128 b. Joyce's maximum loss from the purchase is $700 The breakeven point of the option is $127 d. Joyce is utilizing a bullish strategy on the DIS call purchase i. IV only ii. I and II only iii. III and IV only iv. II and IV only

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