Question
You purchased a call option on the S&P 500 (SPX) with a strike of $1,500. You paid a premium of $15. You also wrote an
You purchased a call option on the S&P 500 (SPX) with a strike of $1,500. You paid a premium of $15. You also wrote an SPX call option with the same maturity date and a strike of $1,450. You recieved a premium of $14.50. At maturity, what is your total payoff if SPX is trading at $1,475? (Enter your answer in $ accurate to two decimal places.)
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Finance For Growing Enterprises
Authors: Edward W. Davis, Roger Buckland
1st Edition
1138679941, 978-1138679948
