Question
You own four call option contracts on Webster South stock with a strike price of $17.50. When you purchased the shares the option price was
You own four call option contracts on Webster South stock with a strike price of $17.50. When you purchased the shares the option price was $.85 and the stock price was $16.90. What is the intrinsic value of your investment if Webster is currently selling for $16.40 a share?
$440
$0
$240
-$440
-$240
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
