Question
You purchased eight Telnet call option contracts with a strike price of $72 when the option was quoted at $1.98. The option expires today when
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You purchased eight Telnet call option contracts with a strike price of $72 when the option was quoted at $1.98. The option expires today when the value of Telnet stock is $65.40. Ignoring trading costs and taxes, what is your total profit or loss on your investment?
-$5,280
$796
-$1,584
-$1,120
$1,824
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The Moorad Choudhry Anthology Website Past Present And Future Principles Of Banking And Finance
Authors: Moorad Choudhry
1st Edition
1118779738, 978-1118779736
