Question
Barrack buys a call option on Netflix stock. At the time he buys the option, Netflix stock is trading for $525. The option premium is
Barrack buys a call option on Netflix stock. At the time he buys the option, Netflix stock is trading for $525. The option premium is $32 for a call option with a strike price of $530 and expiration in one month. Suppose on the expiration date that the price of Netflix is $529. What is Barracks profit or loss (in dollars)?
Enter your answer to the nearest cent
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Investments An Introduction
Authors: Herbert B Mayo
11th Edition
1133936520, 9781133936527
