Answered step by step
Verified Expert Solution
Question
1 Approved Answer
APPLE MARKET VALUE = $115.05 CALLS EXP DATE: DEC 4, 2020 PUTS LAST PRICE STRIKE PRICE LAST PRICE 7.10 113.00 5.75 7.10 114.00 6.00 6.60
APPLE MARKET VALUE = $115.05
CALLS | EXP DATE: DEC 4, 2020 | PUTS |
LAST PRICE | STRIKE PRICE | LAST PRICE |
7.10 | 113.00 | 5.75 |
7.10 | 114.00 | 6.00 |
6.60 | 115.00 | 6.70 |
6.20 | 116.00 | 8.10 |
5.70 | 117.00 | 8.45 |
5.09 | 118.00 | 8.55 |
If you are long in the call contract with strike price of 115.00, what will be your profit or loss in the contract, if at expiration date the market value of AAPL is $123.70
PRESENT YOUR ANSWER ROUNDED TO ZERO DECIIMAL PLACES.
DON'T USE COMMA SEPARATORS, IF A LOSS USE MINUS SIGN EX -1200
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started