Suppose you purchase the May 2017 call option on corn futures with a strike price of $3.95. Assume you purchased the option at the last price of the day. Use Table 232 a. How much does your option cost per bushel of corn? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., 32.16161.) b. What is the total cost of your position? Assume each contract is for 5,000 bushels. (DO not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. Suppose the price of corn is $3.79 per bushel at expiration of the option contract. What is your net profit or loss from this position? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Enter your answer as a positive value.) d. What is your net profit or loss if corn futures prices are $4.21 per bushel at expiration? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Enter your answer as a positive value.) per bushel a. Option cost b. Total cost c. Loss d. Profit Pro HILOS Uring Future Charts Last Change Hig LOW Volume updates May 2017 . MT 3772 3780 OF 3870 38 37 CY 10 Fe 2017 Type American Options Expiration May 2017 Strike Range At The Money Calls Puts MO LOW Prior Updated Prior Selte Change 3 Low Last Strne Price Last Change Low High Updal CT OP 2017 - 357 3600 51 2 00 55 30 53 CT OF 2017 33 105 233 3650 57 73 63 70 2017 00 CT 10 2017 CT TOP 191 165 - 197 Ne DO 55 94 81 17 CT 10 Pro LIME 00 141 - 3750 103 117 103 737 NO 3. Um 00 CT 10 CT 04450 123 117 150 NO 3000 09 127 165 5 10 CT 2017 1539 CT Ut 00 4 125 120 97 -25 125 305 NO . 175 2017 - 10380 CT 10 FD 00 CT 10 Fee 2017 34 01 105 NO 00 2 2017 200 1638.47 CT 10 Pro 2017 00 CT 10 Feb 2017 List 00 83 . 343 No om 00 16320 CT 10F 1634 CT 10 FD 2017 Limit: 00 56 54 78 NO 202 163041 CT 10 Pro 2011 00 1634 CT Fee NO Limit 185 37 44 57 NO CT 10 PRO 00 Suppose you purchase the May 2017 call option on corn futures with a strike price of $3.95. Assume you purchased the option at the last price of the day. Use Table 232 a. How much does your option cost per bushel of corn? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., 32.16161.) b. What is the total cost of your position? Assume each contract is for 5,000 bushels. (DO not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. Suppose the price of corn is $3.79 per bushel at expiration of the option contract. What is your net profit or loss from this position? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Enter your answer as a positive value.) d. What is your net profit or loss if corn futures prices are $4.21 per bushel at expiration? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Enter your answer as a positive value.) per bushel a. Option cost b. Total cost c. Loss d. Profit Pro HILOS Uring Future Charts Last Change Hig LOW Volume updates May 2017 . MT 3772 3780 OF 3870 38 37 CY 10 Fe 2017 Type American Options Expiration May 2017 Strike Range At The Money Calls Puts MO LOW Prior Updated Prior Selte Change 3 Low Last Strne Price Last Change Low High Updal CT OP 2017 - 357 3600 51 2 00 55 30 53 CT OF 2017 33 105 233 3650 57 73 63 70 2017 00 CT 10 2017 CT TOP 191 165 - 197 Ne DO 55 94 81 17 CT 10 Pro LIME 00 141 - 3750 103 117 103 737 NO 3. Um 00 CT 10 CT 04450 123 117 150 NO 3000 09 127 165 5 10 CT 2017 1539 CT Ut 00 4 125 120 97 -25 125 305 NO . 175 2017 - 10380 CT 10 FD 00 CT 10 Fee 2017 34 01 105 NO 00 2 2017 200 1638.47 CT 10 Pro 2017 00 CT 10 Feb 2017 List 00 83 . 343 No om 00 16320 CT 10F 1634 CT 10 FD 2017 Limit: 00 56 54 78 NO 202 163041 CT 10 Pro 2011 00 1634 CT Fee NO Limit 185 37 44 57 NO CT 10 PRO 00
