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Assume that you just bought a single call option on Tesla stock with a Dec. expiration and a strike price of of $350. Shortly after
Assume that you just bought a single call option on Tesla stock with a Dec. expiration and a strike price of of $350. Shortly after you bought this, the board declares a two for one stock split. Which of the following describes what you now own?
A. | You now own 1 call worth 100 shares but the strike price is $175 | |
B. | You now own 1 call worth 150 shares but the strike price is $175 | |
C. | You now own 2 calls worth 100 shares each but the strike price is $175 | |
D. | You now own 2 calls worth 150 shares each but the strike price is $150 |
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