Question
The following is an options quote on an American option for Moderna (MRNA). Pick the answer choice below which accruately explains what the option legally
The following is an options quote on an American option for Moderna (MRNA). Pick the answer choice below which accruately explains what the option legally provides to the option buyer:
"MRNA Dec31 '20 115 Call"
| This is a call option on MRNA, which can only be exercised on or after Dec 31, 2020 at a strike price of $115. | ||
| This is a call option on MRNA, which can be exercised for 115 days, starting on Dec 31, 2020. | ||
| This is an option to buy 115 calls on MRNA, on or before Dec 31, 2020. We need more information to ascertain the strike price. | ||
| This is a call option on MRNA, which can only be exercised on or before Dec 31, 2020; at a price of $115. | ||
| This is a call option on MRNA, which can only be exercised on Dec 31, 2020; at a price of $115. |
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Introduction To Financial Models For Management And Planning
Authors: James R Morris, John P Daley
2nd Edition
1498765041, 9781498765046
