Question
You own 1000 shares of MMM that you bought for $152. You also have written 10 call option contracts on MMM, at a premium of
You own 1000 shares of MMM that you bought for $152. You also have written 10 call option contracts on MMM, at a premium of $1.5 and with a strike price of $159, maturing in 2 months. If at maturity of the option, the stock price is $165, what is your net profit on this position?
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
2nd Edition
0324117752, 9780324117752
