Suppose you purchase the May 2017 put option on corn futures with a strike price of $3.60. Assume your purchase was at the last price. Use Table 23.2 a. How much does your option cost per bushel of corn? (Round your answer to 5 decimal places, e.g., 32.16161.) b. What is the total cost for one contract? 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 futures is $3.45 per bushel at expiration of the option contract. What is your net profit or loss from this position? (Enter your answer as a positive value. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. What is your net profit or loss if corn futures prices are $3.77 per bushel at expiration? (Enter your answer as a positive value. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Option cost per bushel b. Total cost C. Profit d. Loss HILOW Underlying Future Updated May 2017 81 18 CT 1 1376 10 122209 107 Type: American Options 1 Expiration May 2017 Strike Range: At The Money Prior Strike Prior High Chang 1 3601 14 31 27 155 1EA 150 120 115 2 167 73 8 220 191 1166 1197 3700 136 94 197 eg 153 5 357 17 163 IT 13750 2 100 1107 ELS 1150 13000 1145 44 12 120 13050 3 11 12900 2 5 eg 1 0 166 13960 2 gm 200 75 58 54 1 75 8 - Suppose you purchase the May 2017 put option on corn futures with a strike price of $3.60. Assume your purchase was at the last price. Use Table 23.2 a. How much does your option cost per bushel of corn? (Round your answer to 5 decimal places, e.g., 32.16161.) b. What is the total cost for one contract? 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 futures is $3.45 per bushel at expiration of the option contract. What is your net profit or loss from this position? (Enter your answer as a positive value. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. What is your net profit or loss if corn futures prices are $3.77 per bushel at expiration? (Enter your answer as a positive value. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Option cost per bushel b. Total cost C. Profit d. Loss HILOW Underlying Future Updated May 2017 81 18 CT 1 1376 10 122209 107 Type: American Options 1 Expiration May 2017 Strike Range: At The Money Prior Strike Prior High Chang 1 3601 14 31 27 155 1EA 150 120 115 2 167 73 8 220 191 1166 1197 3700 136 94 197 eg 153 5 357 17 163 IT 13750 2 100 1107 ELS 1150 13000 1145 44 12 120 13050 3 11 12900 2 5 eg 1 0 166 13960 2 gm 200 75 58 54 1 75 8
