Question
On May 20th, a trader buys two hundred December put options (= 2 option contracts) with a strike price of $20.The stock price is $19.67
On May 20th, a trader buys two hundred December put options (= 2 option contracts) with a strike price of $20.The stock price is $19.67 and the option price is $5.80.
At the expiration, the stock price becomes $18.51. What is the option profit to the trader?
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Thomas Calculus Early Transcendentals
Authors: Joel R Hass, Christopher E Heil, Maurice D Weir
13th Edition
978-0321884077, 0321884078
