Suppose you buy a put option contract on October gold futures with a strike price of $1,200

Question:

Suppose you buy a put option contract on October gold futures with a strike price of

$1,200 per ounce. Each contract is for the delivery of 100 ounces. What happens if you exercise when the October futures price is $1,160?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question
Question Posted: