Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If you wanted to purchase the right to sell 2,300 shares of Target stock in March 2019 at a strike price of $55 per share,

image text in transcribedIf you wanted to purchase the right to sell 2,300 shares of Target stock in March 2019 at a strike price of $55 per share, how much would this cost you?

CI Name Strike Last Price Bla ASK change hange TGT190315000050000 2018-12-19 3:37PM EST 50.00 13.55 20.05 20.30 0.00 TGT190315000055000 2019-01-07 10:40AM EST 55.00 14.53 15.35 15.50 0.00 TGT190315C00057500 2018-12-19 2:58PM EST 57.50 7.90 12.95 13.20 0.00 TGT190315000062500 2019-01-08 9:53AM EST 62.50 7.80 8.70 8.85 -0.57 -8.81% TGT190315C00067500 2019-01-08 11:11AM EST 67.50 5.32 5.25 5.40 +0.19 +3.70% TGT190315C00072500 2019-01-08 1:22PM EST 72.50 2.83 2.79 2.85 +0.04 +1.43% Puts for March 15, 2019 Contract Name Last Trade Date Strike Last Price Bid Ask Change % Change 2019-01-02 10:24AM EST 45.00 0.20 0.09 0.12 0.00 TGT190315P00045000 TGT190315P00047500 2019-01-08 10:38AM EST 47.50 0.19 0.14 0.18 -0.51 -72.86% TGT 190315P00050000 2018-01-07 12:24PM EST 50.00 0.25 0.20 0.22 0.00 TGT190315P00055000 2019-01-08 12:13PM EST 55.00 0.49 0.45 0.48 -0.02 -3.92% TGT190315P00057500 2019-01-08 10:38AM EST 57.50 0.84 0.88 0.70 +0.02 +2.44% TGT190315P00060000 2019-01-08 1:18PM EST 60.00 1.07 1.03 1.05 -0.13 -10.83%

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

Managerial Finance Essentials

Authors: Charles O. Kroncke, Alan E. Grunewald, Erwin Esser Nemmers

2nd Edition

0829901590, 978-0829901597

More Books

Students also viewed these Finance questions