Question: Can you please explain what is going on here? I don't understand this at all: You write one JNJ February 70 put for a premium

Can you please explain what is going on here? I don't understand this at all:

You write one JNJ February 70 put for a premium of $5. Ignoring transactions costs, what is the break-even price of this position? A. $65 B. $75 C. $5 D. $70

+$70 - $5 = $65.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!