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Suppose you buy 4 June PHLX call options with a 90 strike price at a price of 2.1(/). What is the total USD cost of

  1. Suppose you buy 4 June PHLX call options with a 90 strike price at a price of 2.1(/).

What is the total USD cost of the above calls, in the absence of brokerage fees?

The size of a euro contract is 62,500.

a.

$5,950

b.

$5,250

c.

$6,200

d.

$4,800

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