The first two answers were wrong, why is that?
Here is the table:
Refer to Figure 24.11 to answer this question. Suppose you purchase a September 2015 call option on crude oil futures with a strike price of 5,100 cents per barrel. Assume 1,000 barrels per contract. How much does your option cost per barrel of oil? Option cost per barrel $ 0.014 What is the total cost? Total cost L 14 Suppose the price of oil future is 5,750 cents per barrel at expiration of the option contract. What is your net profit or loss from this position? Profit $ 3986.00 What if oil futures prices are 4,950 cents per barrel at expiration? (Input the amount as a positive value.) ( Loss A $ 14.00 FIGURE 24.11 Future options prices: Wednesday, July 22, 2015 Oat Options (Expiring July 2015): CALLS PUTS Alor High - Low - Settle 110 Change -10 Last 1000 PHC 250 Last 0 1 Change - 01 Settle 02 Low 01 High 01 K/LO Linet No Limit volume 5 0 K/LO Updater Umit 16:27:41 CT No Limit 2015-06-26 16:27:41 CT No Limit 2015-06-26 16:27:41 CT No Limit 2015-06-26 16:27:41 CT NO Lindt 2015-06-26 16:27:41 CT No Limit 2015-06-26 Wolume 0 2 6 10 1 . 130 67 67 10 10 14b 1'09 04010 64 30 13 05 +03 67 -20 10 -03 1'00 -04 019 255 260 265 270 -07 -20 - 06 22 5' 5 97 . 130 3'50 - - - - No Lim# No Limh No Limf No Limt Updated 16:27:42 CT 2015-06-26 16:27:42 CT 2015-06-26 16:27:42 CT 2015-06-26 16:27:42 CT 2015-06-26 16:27:42 CT 2015-06-26 0 0 . Silver Options (Expiring September 2015): CALLS PUTS Polo Rk Last High - Change Low - Settle 0.001 Stike Pc 2850 change - Last - Setle 13.715 Low . High . volume 0 K/LO Updater Umit Wome 040225 CT No Limit 0 2015-07-22 0.001 16:01:02 CT NoLindt 0 2015-07-21 / 0.001 0915:02 CT NoLindt 30 2015-07-22 0.001 18:00:50 CT No Limit 0 2015-07-21 70.001 18:02:02 CT NoLimit 0 2015-07-21 70.001 - 0.001 0.001 - - 0.001 - 0.001 . 0.0010 0.001 - 2875 0.0012900 . - - - 13.465 14.215 14.215 14.465 0 0 - - K/LO n t Updated No Limit 18:01:25 CT 0.001 2015-07-21 No Lim# 18:02:00 CT / 0.001 2015-07-21 No Limit 18:00:49CT / 0.001 2015-07-21 No Limit 1&01:14 CT / 0.001 2015-07-21 No Limt 18:01:23 CT / 0.001 2015-07-21 - - 0 - - 0.0 - - 2950 - .. 14.715 - - 0 Light Sweet Crude Oil Options1,000 U.S. barrels, cents per barrel (Expiring September 2015): CALLS PUTS K/Lo K/LO Updater Umit Yleme High Low Settle change Last Price Last Change Setle Low High Volume Let Updated 0933.20 CT No Limit 934 2.11 1.76 2.28 -0.43 1.85 b 5000 1.57 a 0.45 1.42 1.65 2 1.149 No Limit 0433:20 CT 10.01 2015-07-22 0433:23 CT No Limit 187 1.4 -0.34 16 5050 2124 0.44 1.6 1.86 2.26b_80 2.25 b 80 No Lim 0933.20 CT 2015-07-22 /001 / 0.01 2015-07-22 0933:20 CT No Limit 354 1.51 1.73 -0.38 1.4 5100 2.40 a 0.53 1.87 2.11 2.54b185 MOLINH 0433:20 CT 2015-07-22 / 0.01 10.01 2015-07-22 0932:20 CT No Limit 144 1.25 1.14 1.49 -0.31 1.18b5150 2.70 a 0.57 2.13 25 2.84b 18 No Limit 0933.20 CT 2015-07-22 0.01 70.01 2015-07-22 0933.20 CT No Limit 570 1.1 0.94 1.26 -0.27 1.01 b 5200 3.040 0.62 2.42 2.62 3.18 b 16 No Limit 0433:20 CT 2015-07-22 001 /0.01 2015-07-22 198.29 CT NOLIM 187 1.85 1.54 Volume 0 3 NI/LO Updated mit 0930:15 CT No Limit / 2015-07-22 0.00005 0926:45 CT No Limit / 2015-07-22 0.00005 0907:10 CT No Limit / 2015-07-22 0.00005 09.30:00 CT No Limit / 2015-07-22 0.00005 090247 CT No Limit / 2015-07-22 0.00005 CAD/USD Options (Expiring August 2015): CALLS PUTS HI/LO High Low Sette Change Last Price Last Change Settle LOW High Volume Unit Updated 0.0132 b 0.0090 a 0.0127 -0.0036 0.0091 b 7600 0.0028 0.0013 0.0015 0.002 0.0029 40 No Limit / 0430:15 CT 0.00005 2015-07-22 0.00% b 0.0058 0.009 -0.003 0.0050 7650 0.0049 b 0.002 0.0028 0.0035 0.0048 83 No Limit / 0430:01 CT 0.00005 2015-07-22 0.0063 b 0.0037 a 0.0054 -0.0021 0.0038 b 7700 0.0075 b 0.0028 0.0047 0.0052 0.0076b No Limit / 0431:26 CT 0.00005 2015-07-22 0.0041 b 0.0022 0.0035 -0.0014 0.0022 7750 0.0110 0 0.0036 0.0074 0.0070 a 0.0111 b 0 No Limit / 09.30:12 CT 0.00005 2015-07-22 0.0024 b 0.0012 0.0021 -0.0009 0.00120 7900 0.0147 b 0.0036 0.0109 0.0103 0.0147b 0 No Limit / 0904:39CT Q.CC005 2015-07-22 72 870 45 Source: cm groupem
