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Suppose you purchase the June 2014 put option on corn futures with a strike price of $5.20. Assume your purchase was at the last price. Use Table 23.2 How much does your option cost per bushel of corn? (Round your answer to 5 decimal places, e.g. 32.16161.) Option cost per bushel What is the total cost for one contract? Assume each contract is for 5,000 bushels. (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Total cost Suppose the price of corn futures is $4.99 per bushel at expiration of the option contract. What is your net profit or loss from this position? (Enter your answer as a positive value. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What is your net profit or loss if corn futures prices are $5.28 per bushel at expiration? (Enter your answer as a positive value. Do not round intermediate calculations and round your answer to 2 decimal places, e.g, 32.16.) TABLE 23.2 Corn Options Quotes Globex View another product.. Sample CME Group Futures Option Price Quotations Settlements Time & Sales Contract Specs Margins SoURCE: Reprinted by permission of the CME Group (www.cmegroup .com), May 9, 2014 All Rights Reserved Worldwide Globex Open Outcry Futures Open Outcry Auto Refresh is Futures Market data is delayed by at least 10 minutes 21248 4724 14.3852 CT 09 Way 2014 Jul 2014 5074 a Type Amencan Options Expiration Jun 2014 Strike Range At The Money CALLS Updated Limit Volume High LoW Settie Chang Last Pnce Last Change Settie Low High Volume Limit Updated 1430:00 14:3000 No 363b 232 329'4 2423 486.0 14 2 12 0a 00 May 2014 Limit 03 May 2014 1430:00 14:3000 CT 09MayLimt 502| 320 b | 1F1 al 283 | -T2 | 2013 450.0 24b 05 17 10 26 1.581 Limit 09Ma 2014 2014 14.30:00 CT 14.3000 CT 0 275b 154a 242 9'0162 a 4950 09 May Umt Limit 09 May 14.30:00 14:3000 719 235b 130 203 75 126 500.0 52b 337 20 57 1,876 09 MayLimt 2014 imit 09 May 2014 CT CT 09MayUmt Limit 09Ma 2014 14:30.00 14:3000 Og May | Limet | 1.093| 164 138 -8'2 74 510.0 100 b 2672 44 108b1 Limit | 09May 2014 14:30:00 09 MayLimt 14:3000 731 133 50 110 5'4 54 515.0 131b +3% | g'3 6'1 1401 1345 Limit 09 May 2014 2014 14.30:00 14.3000 520.0 164 b B3 173b 09MayUmt Limit 09May 1430:00 14 3000 326 93 253 66 3'6 273 526.0 203 DI 46'2 | 151 | 120 al 2120 00 May 2014 Limit 09 May 2014 430 00 14 3000 CT CT 09MayUimt 540| 711 50 3020 530.0 243b 184153a 253 b Limit 09Ma 2014 2014 Suppose you purchase the June 2014 put option on corn futures with a strike price of $5.20. Assume your purchase was at the last price. Use Table 23.2 How much does your option cost per bushel of corn? (Round your answer to 5 decimal places, e.g. 32.16161.) Option cost per bushel What is the total cost for one contract? Assume each contract is for 5,000 bushels. (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Total cost Suppose the price of corn futures is $4.99 per bushel at expiration of the option contract. What is your net profit or loss from this position? (Enter your answer as a positive value. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What is your net profit or loss if corn futures prices are $5.28 per bushel at expiration? (Enter your answer as a positive value. Do not round intermediate calculations and round your answer to 2 decimal places, e.g, 32.16.) TABLE 23.2 Corn Options Quotes Globex View another product.. Sample CME Group Futures Option Price Quotations Settlements Time & Sales Contract Specs Margins SoURCE: Reprinted by permission of the CME Group (www.cmegroup .com), May 9, 2014 All Rights Reserved Worldwide Globex Open Outcry Futures Open Outcry Auto Refresh is Futures Market data is delayed by at least 10 minutes 21248 4724 14.3852 CT 09 Way 2014 Jul 2014 5074 a Type Amencan Options Expiration Jun 2014 Strike Range At The Money CALLS Updated Limit Volume High LoW Settie Chang Last Pnce Last Change Settie Low High Volume Limit Updated 1430:00 14:3000 No 363b 232 329'4 2423 486.0 14 2 12 0a 00 May 2014 Limit 03 May 2014 1430:00 14:3000 CT 09MayLimt 502| 320 b | 1F1 al 283 | -T2 | 2013 450.0 24b 05 17 10 26 1.581 Limit 09Ma 2014 2014 14.30:00 CT 14.3000 CT 0 275b 154a 242 9'0162 a 4950 09 May Umt Limit 09 May 14.30:00 14:3000 719 235b 130 203 75 126 500.0 52b 337 20 57 1,876 09 MayLimt 2014 imit 09 May 2014 CT CT 09MayUmt Limit 09Ma 2014 14:30.00 14:3000 Og May | Limet | 1.093| 164 138 -8'2 74 510.0 100 b 2672 44 108b1 Limit | 09May 2014 14:30:00 09 MayLimt 14:3000 731 133 50 110 5'4 54 515.0 131b +3% | g'3 6'1 1401 1345 Limit 09 May 2014 2014 14.30:00 14.3000 520.0 164 b B3 173b 09MayUmt Limit 09May 1430:00 14 3000 326 93 253 66 3'6 273 526.0 203 DI 46'2 | 151 | 120 al 2120 00 May 2014 Limit 09 May 2014 430 00 14 3000 CT CT 09MayUimt 540| 711 50 3020 530.0 243b 184153a 253 b Limit 09Ma 2014 2014
