Question: Consider a U . S . exchange - traded call option contract to buy 1 0 0 shares with a strike price of $ 3

Consider a U.S. exchange-traded call option contract to buy 100 shares with a strike price of $37 and maturity in six months. Explain how the terms of the option contract would be revised if the specified change involving the underlying stock were to occur.
What would be the revised strike price contract if there were a 5-for 1 sock split?
Report your answer rounded to dollars and cents.
Answer:
 Consider a U.S. exchange-traded call option contract to buy 100 shares

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