FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose I sell 3 PUT option contracts on Home Depot with a strike price of $185.00 and an option premium of $2.32. The stock price

Suppose I sell 3 PUT option contracts on Home Depot with a strike price of $185.00 and an option premium of $2.32. The stock price is $209.45 when I sell the puts, and it and moves between $199.24 and $215.43 during the time up to expiration. What is my profit or loss on this?

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

Modern Financial Markets Prices, Yields, And Risk Analysis

Modern Financial Markets Prices, Yields, And Risk Analysis

Authors: Mark Griffiths, Drew Winters, David W Blackwell

1st Edition

0470000104, 9780470000106

More Books

Students also viewed these Finance questions

Question

★★★★★
Journalize the following business transactions. (a) Hector Molina invests $9,000 cash in the business. (b) Insurance of $800 is paid for the year. (c) Supplies of $2,000 are purchased on account. (d)...

Answered: 1 week ago

Question

★★★★★
4-3 Describe what influences ethical decision making.

Answered: 1 week ago

Question

★★★★★
why you want to attend that specific graduate program (e.g., the match between the program and your research/practice interest areas);

Answered: 1 week ago

Question

★★★★★
The following monthly data are taken from Nunez Company at July 31: Sales salaries, $120,000; Office salaries, $60,000; Federal income taxes withheld, $45,000; State income taxes withheld, $10,000;...

Answered: 1 week ago

Question

★★★★★
Present and future value tables of $1 at 3% are presented below: 33 1 2.5 points 8 01:29:51 N FV $1 PV $1 1.03000 0.97087 2 1.06090 0.94260 3 1.09273 0.91514 4 1.12551 0.88849 5 1.15927 0.86261 6...

Answered: 1 week ago

Question

★★★★★
30) Every journal entry: A) is recorded in either the journal or the ledger. B) affects both an income statement account and a balance sheet account. C) must debit at least one account and credit at...

Answered: 1 week ago

Question

★★★★★
7. IP A solenoid with 385 turns per meter and a diameter of 17.0 cm has a magnetic flux through its core of magnitude . (a) Find the current in this solenoid. (b) How would your answer to part (a)...

Answered: 1 week ago

Question

★★★★★
Peruse the website for companies in manufacturing that you feel would use process costing. Go to the company's website and review their annul report. Required: You are to assume the role of a Manager...

Answered: 1 week ago

Question

★★★★★
Which crystal system(s) listed below has (have) the following interaxial angle relationship? Triclinic Cubic Rhombohedral Hexagonal Monoclinic Tetragonal Orthorhombic a == y = 90

Answered: 1 week ago

Question

★★★★★
A very specific aspect of IT Governance is Data Governance. 1. What's the term "Data Governance" and explain it. 2. Explain what a data governance committee does within a health care organization. 3....

Answered: 1 week ago

Question

★★★★★
The purpose of this assignment is to record the work you have done finding a topic, building research questions, and doing a rhetorical analysis for your paper. Place your three (3) research...

Answered: 1 week ago

Question

★★★★★
Facebook is a multinational corporation (MNC). On which level of moral development and global corporate social responsibility (GCSR) does Facebook seem to be operating?

Answered: 1 week ago

Question

★★★★★
What is an attitude, and how does it drive Chick-fil-As business model?

Answered: 1 week ago

Question

★★★★★
Do most people behave ethically at work, or do they lie, cheat, and steal?

Answered: 1 week ago

Previous Question Next Question