Question
You own six call option contracts on Swift Water Tours stock with a strike price of $17.50 per share and an option premium of $.35
You own six call option contracts on Swift Water Tours stock with a strike price of $17.50 per share and an option premium of $.35 per share. What is the total intrinsic value of these options today if the stock is currently selling for $16.79 a share?
A. $216
B. $426
C. -$636
D.$108
E. $0
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Financial Management
Authors: I.M. Pandey
12th Edition
939057725X, 978-9390577255
