Question 3 You took a short position with a 1480 Mar 23 soybean put. The premium...

Transcribed Image Text:

Question 3 You took a short position with a 1480 Mar 23 soybean put. The premium on this put was 746 when you sold it. Suppose you were exercised on when the Mar 23 soybean futures were trading at 1447*4. a. What futures position were you given and at what price were you given that futures position when you were exercised on? (5 points) b. How much was the intrinsic value on the 1480 Mar 23 soybean put when you were exercised on? (5 points) c. Calculate the amount of your futures loss when you offset your futures position and the Mar 23 soybean futures were trading at 1447*4. (5 points) d. How much did you make or lose on your short 1480 Mar 23 soybean put given you were exercised on? You received the premium when you sold the 1480 Mar 23 soybean put and you had the futures loss in part c. (5 points) Question 3 You took a short position with a 1480 Mar 23 soybean put. The premium on this put was 746 when you sold it. Suppose you were exercised on when the Mar 23 soybean futures were trading at 1447*4. a. What futures position were you given and at what price were you given that futures position when you were exercised on? (5 points) b. How much was the intrinsic value on the 1480 Mar 23 soybean put when you were exercised on? (5 points) c. Calculate the amount of your futures loss when you offset your futures position and the Mar 23 soybean futures were trading at 1447*4. (5 points) d. How much did you make or lose on your short 1480 Mar 23 soybean put given you were exercised on? You received the premium when you sold the 1480 Mar 23 soybean put and you had the futures loss in part c. (5 points)