Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

question 8 please answer the question 8 below you sold to open Question 8 4 pts You sold to open 10 25-strike calls for $2.10

image text in transcribed

question 8

please answer the question 8 below

you sold to open

image text in transcribed

Question 8 4 pts You sold to open 10 25-strike calls for $2.10 each on a stock you own. You own 1,200 shares of the stock, which is currently trading at $23.66. The stock rises to $$25.41 and 1,000 shares are called at $25. What is your total return? (Ignore taxes and transaction costs).

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

Personal Financial Planning

Authors: Lewis J. Altfest

2nd edition

1259277186, 978-1259277184

More Books

Students also viewed these Finance questions

Question

Find the investors expected profit.

Answered: 1 week ago