Answered step by step
Verified Expert Solution
Question
1 Approved Answer
you purchased 12 option contracts with a strike price of $55.00 and a premium of $ 1.25 At expiration, the stock was selling for $
you purchased 12 option contracts with a strike price of $55.00 and a premium of $ 1.25 At expiration, the stock was selling for $ 55.24 per share. what's the total profit or loss on your option position if you didn't exercise it prior to the expiration date ? A. - $1,424. B. -$2,424. C.- $1,212. D -$ 876.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started