Jose sells 10 VNC December 27.50 puts at a premium of $2.50 to establish a cash-secured put
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Jose sells 10 VNC December 27.50 puts at a premium of $2.50 to establish a cash-secured put write when VNC shares are selling at $27 a share. If Jose is assigned on his put position, what is his effective purchase price on the VNC shares?
Related Book For
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
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