Question
You wrote twenty call option contracts (note that a contract is for 100 options) on Snap stock with a strike price of $10.00 at a
You wrote twenty call option contracts (note that a contract is for 100 options) on Snap stock with a strike price of $10.00 at a price of $3.25 per option. The option expires today when the value of Snap stock is $11.75. Ignoring transactions costs, what is your total net profit (or loss) on this investment?
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
