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If you own 5 SPX call options with a strike of 1950, what's the payoff at maturity for these option contracts if the S&P 500

  1. If you own 5 SPX call options with a strike of 1950, what's the payoff at maturity for these option contracts if the S&P 500 index is at 1963?

A. $0

B. $1,300

C. $5,000

D. $6,500

2. if you purchase a call option with a strike price of $20 and a call premium of $2.10, what is the break-even stock

price?

A. $22.00

B. $0

C. $21.20

D. $24.00

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