On May 20th, a trader buys two hundred December put options (= 2 option contracts) with a strike price of $21. The stock price is
On May 20th, a trader buys two hundred December put options (= 2 option contracts) with a strike price of $21. The stock price is $20.88 and the option price is $5.15. At the expiration, the stock price becomes $18.62. What is the option profit to the trader? If it is a loss, then enter a negative value.
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Authors: Judith J. Baker, R.W. Baker, Neil R. Dworkin
5th Edition
1284118215, 978-1284118216
