Question
You purchase 22 call option contracts with a strike price of $120 and a premium of $3.70. Assume the stock price at expiration is $132.00.
You purchase 22 call option contracts with a strike price of $120 and a premium of $3.70. Assume the stock price at expiration is $132.00.
1. What is your dollar profit?
2, What if the stock price is $117.95?
| If the stock price is $117.95, the call is (worthless or in the money), so the dollar return is XXX? |
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Financial Management For Nurse Managers And Executives
Authors: Cheryl Jones, Steven A. Finkler, Christine T. Kovner
4th Edition
1455700886, 9781455700882
