You buy 100 CJC put option contracts with a strike price of $92 at a quoted price
Question:
You buy 100 CJC put option contracts with a strike price of $92 at a quoted price of $8. At option expiration, CJC sells for $83.80. What is your net profit on the transaction?
a. $200
b. $1,000
c. $2,000
d. $10,000.
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To calculate your net profitwe need to consider the cost and income from the put option cont...View the full answer
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Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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