Question
Pat purchased 4 put option contracts on InSwan Inc. stock. The option premium was $0.30 and the strike price was $17.75. On the expiration date,
Pat purchased 4 put option contracts on InSwan Inc. stock. The option premium was $0.30 and the strike price was $17.75. On the expiration date, the stock was selling for $18.10 a share. What is the total profit (loss) on the 4 option contracts?
$0
-$120
-$300
$140
$20
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Investments An Introduction
Authors: Herbert B. Mayo
13th Edition
0357127951, 978-0357127957
