Question
Assume the following stock option quote for GEM Corp., whose stock price is $112 today: Strike 110, August expiration, call volume 35, call price $3.375,
Assume the following stock option quote for GEM Corp., whose stock price is $112 today: Strike 110, August expiration, call volume 35, call price $3.375, put volume 23, put price $0.875. Suppose that you bought ten call contracts of the GEM Aug 110 options. Just before the options expire, the stock is selling for $115. What is your net profit or loss to the nearest dollar, assuming you exercise the options just before expiration? Question 9 options: $3,375 net loss $33.75 net loss None of the other answers is correct. $1,625 net gain $1,625 net loss
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