4. A hedge fund bought 500,000 contracts of ZM puts with strike price of $350 in December...

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4. A hedge fund bought 500,000 contracts of ZM puts with strike price of $350 in December of 2020 when ZM was
trading for nearly $500 a share. The option expires in one year and has a premium of $35. By December of 2021,
ZM stock price has fallen to $150 a share. What is the return on investment for the option buyer?

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Financial Reporting and Analysis

Financial Reporting and Analysis

ISBN: 978-0078025679

6th edition

Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon

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Posted Date: Mar 07, 2023 04:57 AM

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