Question
Your client purchased 300 shares of Speedy Airlines common stock at $30.85 a share in July of 2015. In June of 2016 the client writes
Your client purchased 300 shares of Speedy Airlines common stock at $30.85 a share in July of 2015. In June of 2016 the client writes 2 October 35 calls at 7 against the stock position. If the market of Speedy Airlines is trading at $40.72 at expiration, what is the client's realized gain?
Round the answers to two decimal places.
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
