Question
You sold ten put option contracts on PLT stock with an exercise price of $32.50 and an option price of $1.10. Today, the option expires
You sold ten put option contracts on PLT stock with an exercise price of $32.50 and an option price of $1.10. Today, the option expires and the underlying stock is selling for $32.10 a share. Ignoring trading costs and taxes, what is your total profit or loss on this investment?
| A. | - $1,100 | |
| B. | $1,100 | |
| C. | - $2,900 | |
| D. | $2,900 | |
| E. | $700 |
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The New Finance Overreaction Complexity And Their Consequences
Authors: Robert A. Haugen
4th International Edition
0132775875, 9780132775878
