Question
You bought five call option contracts on stock X at an option price per share of $0.75 (i.e., the call premium was $0.75). The options
You bought five call option contracts on stock X at an option price per share of $0.75 (i.e., the call premium was $0.75).
The options have a strike price of $10.00 per share. Suppose that you are standing now at time of expiration, and stock ABC is trading at $15.00 per share.
What is your net profit (or loss) on this investment?
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
