Help Save & Exit Submit Check my work Refer to Figure 24.11 to answer this question. Suppose you purchase a July 2018 call option on crude oil futures with a strike price of 6,600 cents per barrel. Assume 1,000 barrels per contract. its Skipped eBook a. How much does your option cost per barrel of oil? (Round your final answer to decimal places. Omit $ sign in your response.) Print eferences Option cost per barrel b. What is the total cost? (Omit $ sign in your response.) Total cost c. Suppose the price of oil futures is 7,850 cents per barrel at expiration of the options contract. nep Sdve QCXIU SUNITIIL Check my work b. What is the total cost? (Omit $ sign in your response.) Total cost c. Suppose the price of oil futures is 7,850 cents per barrel at expiration of the options contract. What is your net profit or loss from this position? (Input the amount as a positive value. Omit $ sign in your response.) | (Click to select) d. What if oil futures prices are 5,300 cents per barrel at expiration? (Input the amount as a positive value. Omit $ sign in your response.) |(Click to select) v Oat Options (Expiring July 2018): CALLS PUTS Updated Hi/Lo Limit Volume High Low Prior Settle Change Last Strike Price Last Change Prior Settle Low High Volume Hi/Lo Limit Updated 16:00:00 CT 2018-05-27 No Limit - - 16:00:00 CT 2018-05-27 0 No Limit No Limit - - 6'1 - - 255 123 - - 0 No Limit 16:00:00 CT 2018-05-27 16:00:00 CT 2015-05-27 16:00:00 CT 2018-05-27 16:00:00 CT 2018-05-27 No Limit - 47 - - 260 - - 161 - - 0 16:00:00 CT 2018-05-27 No Limit No Limit - 2011 - - 0 No Limit 16:00:00 CT 2018-05-27 16:00:00 CT 2018-05-27 No Limit 0 - - 3'1 - 270 - 243 0 No Limit 16:00:00 CT 2018-05-27 Silver Options (Expiring June 2018): CALLS PUTS Updated Hi/Lo Limit Volume High Low Prior Settle Change Last Strike Price Last Change Prior Settle Low High volume 16:45:00 CT 2018-05-24 No Limit 70.001 Hi/Lo Limit No Limit / 0.001 Updated 16:45:00 CT 2018-05-24 0 - - 0.001 - 2600.0 . . 9.314 .. . 0 16:45:00 CT 2018-05-24 0 - - 0.001 - - No Limit 70.001 16:45:00 CT 2018-05-24 2625.0 9.564 No Limit 70.001 No Limit 0.001 16:45:00 CT 2018-05-24 No Limit 70.001 16:45:00 CT 2018-05-24 2030.U . 9.814 Silver Options (Expiring June 2018): CALLS PUTS Updated Volume High Low Prior Settle Change Last Strike Price Last Change Prior Settle Low High Volume Hi/Lo Limit Updated 16:45:00 CT 2018-05-24 Hi/Lo Limit No Limit / 0.001 - 0.001 - 2600.0 - No Limit 70.001 9.314 - 16:45:00 CT 2018-05-24 0 16:45:00 CT 2018-05-24 No Limit 70.001 No Limit / 0.001 16:45:00 CT 2018-05-24 0.001 2625.0 9.564 16:45:00 CT 2018-05-24 No Limit / 0.001 0 - - 0.001 - 2650.0 - - 9.814 - - 0 No Limit / 0.001 16:45:00 CT 2018-05-24 16:45:00 CT 2018-05-24 No Limit 70.001 0.001 10.064 2675.0 - No Limit 10.001 - 0 16:45:00 CT 2018-05-24 16:45:00 CT 2018-05-24 No Limit 0.001 0.001 10.314 No Limit 70.001 2700.0 . 16:45:00 CT 2018-05-24 . Light Sweet Crude Oil Options1,000 U.S. barrels, cents per barrel (Expiring July 2018): CALLS PUTS Updated Hi/Lo Limit Volume High Low Prior Settle Change Last Strike Price Last Change Prior Settle Low High volume Hi/Lo Limit Updated 0 - - 2.29 - - 6550 - - 0.29 - - 0 16:00:00 CT 2018-05-27 16:00:00 CT 2018-05-27 16:00:00 CT 2018-05-27 No Limit No Limit No Limit No Limit No Limit No Limit No Limit /No Limit 16:00:00 CT 2018-05-27 0 - - 1.90 0.40 - - 0 16:00:00 CT No Limit No Limit 16:00:00 CT Light Sweet Crude Oil Options 1,000 U.S. barrels, cents per barrel (Expiring July 2018): CALLS High Low Prior Settle Change Last Strike Price Last Change Prior Settle Low PUTS Updated Hi/Lo Limit Volume High Volume Hi/Lo Limit Updated 16:00:00 CT 2018-05-27 0 - - 2.29 6550 0.29 - No Limit /No Limit - 0 16:00:00 CT 2018-05-27 16:00:00 CT 2018-05-27 No Limit No Limit No Limit No Limit No Limit /No Limit 16:00:00 CT 2018-05-27 0 6600 0.40 16:00:00 CT 2018-05-27 No Limit No Limit No Limit / No Limit 16:00:00 CT 2018-05-27 0 0.54 6650 16:00:00 CT 2018-05-27 No Limit No Limit No Limit /No Limit 16:00:00 CT 2018-05-27 0 - - 0.72 6700 16:00:00 CT 2018-05-27 No Limit No Limit No Limit /No Limit 0.93 16:00:00 CT 2018-05-27 0 6750 0.93 CAD/USD Options (Expiring June 2018): CALLS PUTS Updated Hi/Lo Limit Volume High Low P rior Settle Change Last Strike Price Last Change Prior Settle Low High Volune Hi/Lo Limit Updated 12 0.0046 0.0039 0.0052 -0.0013 0.0039 7700 No Limit 70.00005 19:42:16 CT 2018-05-28 0.0045 0.0002 0.0002 0.00454 0.0043 19:42:16 CT No Limit 2018-05-28 70.00005 19:42:16 CT No Limit 2018-05-28 0.00005 19:42:16 CT No Limit 0.0027 46 0.0020 0.0030 -0.0009 0.0021 7750 0.0075 0.0004 No Limit 70.00005 0.0071 19:42:16 CT 2018-05-28 0.0075 0.00756 No Limit 19:42:16 CT 0 6600 0.40 - 0 /No Limit 2018-05-27 2018-05-27 16:00:00 CT 2018-05-27 No Limit No Limit /No Limit No Limit /No Limit 16:00:00 CT 2018-05-27 0 0.54 6650 0 - 1.22 - 0.72 6700 . - No Limit / No Limit 0 16:00:00 CT 2018-05-27 16:00:00 CT 2018-05-27 16:00:00 CT 2018-05-27 No Limit No Limit No Limit No Limit 0 - - 0.93 No Limit /No Limit 16:00:00 CT 2018-05-27 6750 0.93 CAD/USD Options (Expiring June 2018): CALLS PUTS Updated Hi/Lo Limit Volume High Low Prior Settle Change Last Strike Price Last Change Prior Settle Low High Volume Hi/Lo Limit Updated 19:42:16 CT No Limit 2018-05-28 0.00005 No Limit / 0.00005 19:42:16 CT 2018-05-28 12 0.0046 0.0039 0.0052 -0.0013 0.0039 7700 0.0045 0.0002 0.0043 0.0002 0.0045 4 19:42:16 CT No Limit 2018-05-28 0.00005 No Limit 70.00005 46 0.0027 19:42:16 CT 2018-05-28 0.0020 0.0030 -0.0009 0.0021 7750 0.0075 0.0004 0.0071 0.0075 0.0075 6 No Limit 70.00005 8 0.0013 0.0013 0.0016 -0.0003 0.0013 7800 0.0123 0.0016 0.0107 0.0123 0.0123 10 19:42:16 CT No Limit 2018-05-28 70.00005 19:41:51 CT No Limit 2018-05-28 0.00005 19:42:16 CT 2018-05-28 19:41:51 CT 2018-05-28 21 0.0007 0.0006 0.0008 -0.0002 0.0006 7850 0.0149 No Limit 1 0.00005 No Limit 19:41:51 CT No Limit 2018-05-28 0.00005 0.0003 0.0003 0.0004 19:41:51 CT 2018-05-28 -0.0001 0.0003 7900 - 0.0195 . 70.00005 Source: CME Group Inc. All Product Search, retrieved on June 2018 https://www.cmgroup.com/trading Help Save & Exit Submit Check my work Refer to Figure 24.11 to answer this question. Suppose you purchase a July 2018 call option on crude oil futures with a strike price of 6,600 cents per barrel. Assume 1,000 barrels per contract. its Skipped eBook a. How much does your option cost per barrel of oil? (Round your final answer to decimal places. Omit $ sign in your response.) Print eferences Option cost per barrel b. What is the total cost? (Omit $ sign in your response.) Total cost c. Suppose the price of oil futures is 7,850 cents per barrel at expiration of the options contract. nep Sdve QCXIU SUNITIIL Check my work b. What is the total cost? (Omit $ sign in your response.) Total cost c. Suppose the price of oil futures is 7,850 cents per barrel at expiration of the options contract. What is your net profit or loss from this position? (Input the amount as a positive value. Omit $ sign in your response.) | (Click to select) d. What if oil futures prices are 5,300 cents per barrel at expiration? (Input the amount as a positive value. Omit $ sign in your response.) |(Click to select) v Oat Options (Expiring July 2018): CALLS PUTS Updated Hi/Lo Limit Volume High Low Prior Settle Change Last Strike Price Last Change Prior Settle Low High Volume Hi/Lo Limit Updated 16:00:00 CT 2018-05-27 No Limit - - 16:00:00 CT 2018-05-27 0 No Limit No Limit - - 6'1 - - 255 123 - - 0 No Limit 16:00:00 CT 2018-05-27 16:00:00 CT 2015-05-27 16:00:00 CT 2018-05-27 16:00:00 CT 2018-05-27 No Limit - 47 - - 260 - - 161 - - 0 16:00:00 CT 2018-05-27 No Limit No Limit - 2011 - - 0 No Limit 16:00:00 CT 2018-05-27 16:00:00 CT 2018-05-27 No Limit 0 - - 3'1 - 270 - 243 0 No Limit 16:00:00 CT 2018-05-27 Silver Options (Expiring June 2018): CALLS PUTS Updated Hi/Lo Limit Volume High Low Prior Settle Change Last Strike Price Last Change Prior Settle Low High volume 16:45:00 CT 2018-05-24 No Limit 70.001 Hi/Lo Limit No Limit / 0.001 Updated 16:45:00 CT 2018-05-24 0 - - 0.001 - 2600.0 . . 9.314 .. . 0 16:45:00 CT 2018-05-24 0 - - 0.001 - - No Limit 70.001 16:45:00 CT 2018-05-24 2625.0 9.564 No Limit 70.001 No Limit 0.001 16:45:00 CT 2018-05-24 No Limit 70.001 16:45:00 CT 2018-05-24 2030.U . 9.814 Silver Options (Expiring June 2018): CALLS PUTS Updated Volume High Low Prior Settle Change Last Strike Price Last Change Prior Settle Low High Volume Hi/Lo Limit Updated 16:45:00 CT 2018-05-24 Hi/Lo Limit No Limit / 0.001 - 0.001 - 2600.0 - No Limit 70.001 9.314 - 16:45:00 CT 2018-05-24 0 16:45:00 CT 2018-05-24 No Limit 70.001 No Limit / 0.001 16:45:00 CT 2018-05-24 0.001 2625.0 9.564 16:45:00 CT 2018-05-24 No Limit / 0.001 0 - - 0.001 - 2650.0 - - 9.814 - - 0 No Limit / 0.001 16:45:00 CT 2018-05-24 16:45:00 CT 2018-05-24 No Limit 70.001 0.001 10.064 2675.0 - No Limit 10.001 - 0 16:45:00 CT 2018-05-24 16:45:00 CT 2018-05-24 No Limit 0.001 0.001 10.314 No Limit 70.001 2700.0 . 16:45:00 CT 2018-05-24 . Light Sweet Crude Oil Options1,000 U.S. barrels, cents per barrel (Expiring July 2018): CALLS PUTS Updated Hi/Lo Limit Volume High Low Prior Settle Change Last Strike Price Last Change Prior Settle Low High volume Hi/Lo Limit Updated 0 - - 2.29 - - 6550 - - 0.29 - - 0 16:00:00 CT 2018-05-27 16:00:00 CT 2018-05-27 16:00:00 CT 2018-05-27 No Limit No Limit No Limit No Limit No Limit No Limit No Limit /No Limit 16:00:00 CT 2018-05-27 0 - - 1.90 0.40 - - 0 16:00:00 CT No Limit No Limit 16:00:00 CT Light Sweet Crude Oil Options 1,000 U.S. barrels, cents per barrel (Expiring July 2018): CALLS High Low Prior Settle Change Last Strike Price Last Change Prior Settle Low PUTS Updated Hi/Lo Limit Volume High Volume Hi/Lo Limit Updated 16:00:00 CT 2018-05-27 0 - - 2.29 6550 0.29 - No Limit /No Limit - 0 16:00:00 CT 2018-05-27 16:00:00 CT 2018-05-27 No Limit No Limit No Limit No Limit No Limit /No Limit 16:00:00 CT 2018-05-27 0 6600 0.40 16:00:00 CT 2018-05-27 No Limit No Limit No Limit / No Limit 16:00:00 CT 2018-05-27 0 0.54 6650 16:00:00 CT 2018-05-27 No Limit No Limit No Limit /No Limit 16:00:00 CT 2018-05-27 0 - - 0.72 6700 16:00:00 CT 2018-05-27 No Limit No Limit No Limit /No Limit 0.93 16:00:00 CT 2018-05-27 0 6750 0.93 CAD/USD Options (Expiring June 2018): CALLS PUTS Updated Hi/Lo Limit Volume High Low P rior Settle Change Last Strike Price Last Change Prior Settle Low High Volune Hi/Lo Limit Updated 12 0.0046 0.0039 0.0052 -0.0013 0.0039 7700 No Limit 70.00005 19:42:16 CT 2018-05-28 0.0045 0.0002 0.0002 0.00454 0.0043 19:42:16 CT No Limit 2018-05-28 70.00005 19:42:16 CT No Limit 2018-05-28 0.00005 19:42:16 CT No Limit 0.0027 46 0.0020 0.0030 -0.0009 0.0021 7750 0.0075 0.0004 No Limit 70.00005 0.0071 19:42:16 CT 2018-05-28 0.0075 0.00756 No Limit 19:42:16 CT 0 6600 0.40 - 0 /No Limit 2018-05-27 2018-05-27 16:00:00 CT 2018-05-27 No Limit No Limit /No Limit No Limit /No Limit 16:00:00 CT 2018-05-27 0 0.54 6650 0 - 1.22 - 0.72 6700 . - No Limit / No Limit 0 16:00:00 CT 2018-05-27 16:00:00 CT 2018-05-27 16:00:00 CT 2018-05-27 No Limit No Limit No Limit No Limit 0 - - 0.93 No Limit /No Limit 16:00:00 CT 2018-05-27 6750 0.93 CAD/USD Options (Expiring June 2018): CALLS PUTS Updated Hi/Lo Limit Volume High Low Prior Settle Change Last Strike Price Last Change Prior Settle Low High Volume Hi/Lo Limit Updated 19:42:16 CT No Limit 2018-05-28 0.00005 No Limit / 0.00005 19:42:16 CT 2018-05-28 12 0.0046 0.0039 0.0052 -0.0013 0.0039 7700 0.0045 0.0002 0.0043 0.0002 0.0045 4 19:42:16 CT No Limit 2018-05-28 0.00005 No Limit 70.00005 46 0.0027 19:42:16 CT 2018-05-28 0.0020 0.0030 -0.0009 0.0021 7750 0.0075 0.0004 0.0071 0.0075 0.0075 6 No Limit 70.00005 8 0.0013 0.0013 0.0016 -0.0003 0.0013 7800 0.0123 0.0016 0.0107 0.0123 0.0123 10 19:42:16 CT No Limit 2018-05-28 70.00005 19:41:51 CT No Limit 2018-05-28 0.00005 19:42:16 CT 2018-05-28 19:41:51 CT 2018-05-28 21 0.0007 0.0006 0.0008 -0.0002 0.0006 7850 0.0149 No Limit 1 0.00005 No Limit 19:41:51 CT No Limit 2018-05-28 0.00005 0.0003 0.0003 0.0004 19:41:51 CT 2018-05-28 -0.0001 0.0003 7900 - 0.0195 . 70.00005 Source: CME Group Inc. All Product Search, retrieved on June 2018 https://www.cmgroup.com/trading