Question
Ernie purchased Macy's stock at $25 and used protective put option strategy. He bought a put at $4 premium with the strike price of $30
Ernie purchased Macy's stock at $25 and used protective put option strategy. He bought a put at $4 premium with the strike price of $30 until 12/24/2018. What is his profit if current price is $27?
Question 1 options:
$3
$3
$1
$1
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Financial Markets and Institutions
Authors: Jeff Madura
12th edition
9781337515535, 1337099740, 1337515531, 978-1337099745
