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Suppose you purchase the November call option on orange juice futures with a strike price of 150 at the price shown in the table below.
Suppose you purchase the November call option on orange juice futures with a strike price of 150 at the price shown in the table below. What will be your profit or loss on this contract if the price of orange juice futures is $0.616 per pound at expiration of the option contract?
Orange juice: 15,000 lbs, U.S. cents per lb.
Calls | Puts | |||||
Aug | Sep | Nov | Aug | Sep | Nov | |
150 | 8.85 | 10.85 | 14.05 | 0.20 | 2.25 | 5.15 |
155 | 4.75 | 7.75 | 11.45 | 1.10 | 4.35 | 7.55
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