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Consider the following option price quotes written on S&R stock CALL: PUT: Expiration Strike Bid Ask Open Interest Bid Ask Open Interest Sep 2014 1400
Consider the following option price quotes written on S&R stock
CALL: | PUT: | ||||||
Expiration | Strike | Bid | Ask | Open Interest | Bid | Ask | Open Interest |
Sep 2014 | 1400 | 65.30 | 69.30 | 16,960 | 31.40 | 35.40 | 52,255 |
Sep 2014 | 1425 | 48.60 | 52.60 | 21,527 | 39.60 | 41.50 | 17,580 |
Sep 2014 | 1435 | 33.90 | 37.90 | 16,280 | 49.70 | 52.00 | 69,252 |
Current S&R stock price= 1,425. The current annual interest rate =5%
What is the notional value of the Sept 1435 call open interest?
(Hint: 1 contract = 100 shares)
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23,361,800
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2,336,180
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2,319,900
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16,280
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