Question
Suppose you purchase 10 call contracts on MT stock. the strike price is 60 and the premium was $3. If at expiration the stock price
Suppose you purchase 10 call contracts on MT stock. the strike price is 60 and the premium was $3. If at expiration the stock price is $64, what are your call options worth? What is your net profit?
| $4000; $1000 | ||
| $3200; $800 | ||
| $0 ; -$3000 | ||
| $1000; -$1000 |
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
15th Edition
978-0357438480, 0357438485
