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Use the following quotes for Target stock options: If you wanted to purchase the right to sell 2,200 shares of Target stock in March 2019

Use the following quotes for Target stock options:

image text in transcribed If you wanted to purchase the right to sell 2,200 shares of Target stock in March 2019 at a strike price of $55 per share, how much would this cost you? (Do not round intermediate calculations. Round your answer to the nearest whole number.)

Calls for March 15, 2019 Contract Name Last Trade Date Strike Last Price Bid Ask Change % Change TGT190315000050000 2018-12-19 3:37PM EST 50.00 13.55 20.05 20.30 0.00 TGT190315000055000 2019-01-07 10:40AM EST 55.00 14.53 15.35 15.50 0.00 TGT190315C00057500 2018-12-19 2:58PM EST 57.50 7.90 12.95 13.20 0.00 TGT190315000062500 2019-01-08 9:53AM EST 62.50 7.80 8.70 8.85 -0.57 -6.8196 TGT190315000067500 2019-01-08 11:11AM EST 67.50 5.32 5.25 5.40 +0.19 +3.70% TGT1903150000 72500 2019-01-08 1:22PM EST 72.50 2.83 2.79 2.85 +0.04 +1.4396 Puts for March 15, 2019 Contract Name Last Trade Date Strike Last Price Bid Ask Change % Change TGT 190315P00045000 2019-01-02 10:24AM EST 45.00 0.20 0.09 0.12 0.00 TGT190315P00047500 2019-01-08 10:38AM EST 47.50 0.19 0.14 0.16 -0.51 -72.8696 TGT190315P00050000 2019-01-07 12:24PM EST 50.00 0.25 0.20 0.22 0.00 TGT190315P00055000 2019-01-08 12:13PM EST 55.00 0.49 0.45 0.48 -0.02 -3.92% TGT190315P00057500 2019-01-08 10:38AM EST 57.50 0.84 0.68 0.70 +0.02 +2.44% TGT190315P00060000 2019-01-08 1:18PM EST 60.00 1.07 1.03 1.05 -0.13 -10.83%

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