Question
You own 100 shares of Deltona stock which is currently worth $43 a share. You just paid an option premium of $0.85 to buy one
You own 100 shares of Deltona stock which is currently worth $43 a share. You just paid an option premium of $0.85 to buy one put contract on this stock with a strike price of $40. What is the maximum loss per share you are avoiding by purchasing the option contract?
| $43.85 | |
| $40.85 | |
| $42.15 | |
| $40.00 | |
| $43.00 |
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Cryptocurrency QuickStart Guide
Authors: Jonathan Reichental
1st Edition
1636100406, 978-1636100401
