Three weeks ago, you purchased a July 50 put option on BDR stock at an option price
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Question:
Three weeks ago, you purchased a July 50 put option on BDR stock at an option price of $2.80. The market price of BDR stock three weeks ago was $48.22. Today, BDR stock is selling at $49.65 a share and the July 50 put is priced at $0.60. What is the intrinsic value of your put contract?
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