Question
Q. Go to yahoo finance. What is the last price for an option on Apple stock with expiration of June 15th , 2018 and exercise
Q. Go to yahoo finance. What is the last price for an option on Apple stock with expiration of June 15th , 2018 and exercise price of $175?
I went to yahoo finance and the last price for this option was 91.25, but I am not sure if its right. I am getting confused and all mixed up.
a. Now Suppose you buy this option. What is the price that you pay? If the stock price on June 15th , 2018 is $180, will you exercise your call? What is the profit on your position?
b. If you have a June call with exercise price $155 and the stock price on June 15th, 2018 is $180, will you exercise your call? What is your payoff on your position?
c. If you have a June call with exercise price $220 and the stock price on June 15th, 2018 is $180, will you exercise your call? What is your payoff on your position?
If I need to, I will split up these questions into three separate questions, but please help. Can you check Yahoo Finance to double check what I saw was right? Thank you.
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