Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You buy 10 of the 45 puts at the market price - if the stock falls to $39 and you sell your puts at expiration,
You buy 10 of the 45 puts at the market price - if the stock falls to $39 and you sell your puts at expiration, what is your gain or loss?
1. $5,100
2. 0%
3. $6000
4. 566%
5. $(900)
Dov 0.4696 Nasdaq + 0.7700 Friday, February 15, 2008, 1151PM ET-U.S. Markets close in 2 hours and 9 min HOME INVESTING NEWS&OPINION PERSONAL FINANCE MY PORTFOLIOS TECH TCKER GET QUOTES -Finance Search Best Buy Co. Inc. (BBY) At 1:31PM ET: 44.00 1.77 (3.87. Options View By Expiration: Feb 08 I Mar 08 I Jun 08I Sep 081 Jan 09 I Jan 10 Options Expiring Fd, Feb 15, 20o8 Calls Symbol Last Change Bid Ask Volume Open Int Price Symbol Last Change Bid Ask Volume Open Int BBYBOX 9.003.50 9.10 9.30 3 13235.00 BBYNG X 0.10 0.00 N/A 0.05 10 772 BBYBUX6.202.98 6 60 680 10 94 37.50 BBYNILX 0.05 0.00 N/A 005 54 652 BBYBHX 3.70 2.50 4.104 30 149 262 40.00 BBYNHX 0.05 0.00 N/A 0.05 100 3,639 BBYENLK 1.301.60 165 1.80 377 1,50042.50 BRYN.X0.05 0.00 NA 005 1,117 15,180 BBYBL8 0.05 1.20 N/A 0.05 1.973 9766 45.00 BBYNIX 0.880.63 0.80 0.90 2.399 11,424 BBYBwX0.05 0.00 N/A 0 05 152 13.584 47.50 BBYNyK 3.53 1.73 3.20 3.40 84 17,601 BBYBL8 0.05 0.00 N/A 0.05 6 11.412 5000 BBYNLX 5.90 1.80 570 5.90 216 9,543 BBYBXX 0.01 0.00 NA 005 2 4.20152.50 BBYNXX 8.30 2.32 820 8.40 147 68 BBYBKX 0.05 0.00 N/A005 7 235500 BBYNKX 11.30 2.20 1070 10.90 10 BRYBY X 0.05 0.00 NA 0.05 BRYRLX 0.02 0.00NA 0.05 04 00 RRYNLX 14.10 0.00 15.70 1590 420 5 2 Strike Puts 0 2 1149 550 BRYNY X 11.0 0.00 13.20 13.40 44 4 8
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started