Question
You own 1000 shares of MMM that you bought for $153. You also have written 10 call option contracts on MMM, at a premium of
You own 1000 shares of MMM that you bought for $153. You also have written 10 call option contracts on MMM, at a premium of $1.7 and with a strike price of $156, maturing in 2 months. If at maturity of the option, the stock price is $169, what is your net profit on this position?
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Contemporary Financial Management
Authors: Don Cyr, Alfred Kahl, William Rentz, R. Moyer
1st Edition
017616992X, 978-0176169923
