"Facebook said that it paid $19 billion to buy messaging company WhatsApp. Shares rose 2.3%to $69.93 on Thursday.

Facebook options trading volume was running at nearly three times its daily average Thursday as investors picked up bullish options. The most-actively traded contract was March$85 call options, which grant the right to buy shares at that price through March 21....One block of 1,500 March $85 call options traded at midday for 24 cents..."  

What is the breakeven price for this investor?

Answer rating: 100% (QA)

8524 per share Explana... View the full answer