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Teresa bought 300 shares of AAPL at $185 per share. On the same day, she bought 3 AAPL June '24 call option contracts (representing 300
Teresa bought 300 shares of AAPL at $185 per share. On the same day, she bought 3 AAPL June '24 call option contracts (representing 300 shares) with a strike price of $ 200 for a $ 5.00 premium (per share ). If, on the expiration date of the call option, Teresa sells all of her AAPL shares at $180 per share, what was her total gain /loss on the combined position ? $ 3,000 loss $ 10,000 loss
Teresa bought 300 shares of AAPL at $185 per share. On the same day, she bought 3 AAPL June '24 call option contracts (representing 300 shares) with a strike price of $ 200 for a $ 5.00 premium (per share ). If, on the expiration date of the call option, Teresa sells all of her AAPL shares at $180 per share, what was her total gain /loss on the combined position ? $ 3,000 loss $ 10,000 loss
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