You buy 100 CJC call option contracts with a strike price of $95 at a quoted price
Question:
You buy 100 CJC call option contracts with a strike price of $95 at a quoted price of $1. At option expiration, CJC sells for $97. What is your net profit on the transaction?
a. $2,000
b. $5,000
c. $10,000
d. $20,000.
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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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