Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I bought option 20 puts in DAL Stock's Last Price 38.36 Day's Change 4.65 Bid 38.35 SYMBOL DAL2020020 TYPE PUT STRIKE PRICE 20 EXPIRATION

image text in transcribed

I bought option 20 puts in DAL Stock's Last Price 38.36 Day's Change 4.65 Bid 38.35 SYMBOL DAL2020020 TYPE PUT STRIKE PRICE 20 EXPIRATION 3/20/2020 LAST PRICE 0.59 0 BID/ASK DAY'S RANGE DAY'S VOLUME Ask Day's Range Day's Volume 38.36 34.79-38.74 33,052,486 as of 03/13/2020 @ 04:00 0.43/0.56 0.43 0.68 346 Action Qty Order Type Target Price Symbol Buy to Open 20 Market MKT DAL2020020 I sold option 20 puts in DAL Stock's Last Price 32.14 Day's Change -3.68 Bid 32.14 SYMBOL DAL2020020 TYPE PUT STRIKE PRICE 20 EXPIRATION 3/20/2020 OPTION PAYOUT DIAGRAM Profit (Loss) 20 10 0 -10 0 Market Price 0.59 20 Underlying Stock Price Commission 0.00 ESTIMATED COST + COMMISSION: $1,120.00 USD Ask Day's Range Day's Volume 32.16 32.11-37.19 22,614,547 LAST PRICE 0.31 -0.03 as of 03/17/2020 @ 02:45 BID/ASK 0.23/0.36 DAY'S RANGE 0.19-0.51 DAY'S VOLUME 773 Action Qty Order Type Target Price Symbol Sell to Close 20 Market MKT DAL2020020 OPTION PAYOUT DIAGRAM Market Price 0.3 Commission 0.00 ESTIMATED COST + COMMISSION: $740.00 USD

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Venture capital and the finance of innovation

Authors: Andrew Metrick

2nd Edition

9781118137888, 470454709, 1118137884, 978-0470454701

More Books

Students also viewed these Finance questions