Question
Chris purchased 3 put option contracts at an option premium of $1.5 and a strike price of $40. At expiration, the stock price was $42.25
Chris purchased 3 put option contracts at an option premium of $1.5 and a strike price of $40. At expiration, the stock price was $42.25 per share. What is his percentage return?
| A) 100.00% | ||
| B) 0% | ||
| C) 15.79% | ||
| D) 21.62% |
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How To Understand Business Finance
Authors: Bob Cinnamon, Brian Helweg-Larsen
2nd Edition
0749460202, 978-0749460204
