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You sold ten put contracts on Cross Town Bank stock at an option price per share of $0.85. The options have an exercise price of
You sold ten put contracts on Cross Town Bank stock at an option price per share of $0.85. The options have an exercise price of $39 per share. The options were exercised today when the stock price was $34 a share. What is your net profit or loss on this investment assuming that you closed out your positions at a stock price of $34 ? Ignore transaction costs and taxes. $4,500$500$4,150$500$1,800$3,500$850$4,500$1,800$4,150$5.00$5.00 10 points You own eight call option contracts on Swift Water Tours stock with a strike price of $15. When you purchased the shares the option price was $0.30 and the stock price was $15.25. What is the total intrinsic value of these options if the stock is currently selling for $16.08 a share? $0.30$108$83$300$300$0$83$864$1.08$864$108$1.08
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