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Suppose a stock is trading at $80.11. A market participant buys 3 call option contracts (where 1 contract is for 100 shares) on the stock
Suppose a stock is trading at $80.11. A market participant buys 3 call option contracts (where 1 contract is for 100 shares) on the stock with a strike price of $87.14 when the option price is $9.98 per share. The options are exercised when the stock price is __________, and the market participant breaks even (no profit, no loss). What is the stock price at the time the options are exercised?
can someone please help me put by providing detailed explanation to this question please. thank you very much
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