Dale bought 6 put option contracts for NAB shares, with a strike price of $9.03. At the

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Dale bought 6 put option contracts for NAB shares, with a strike price of $9.03. At the expiry date the market price, or spot price, is $6.23. Each contract consists of 100 shares.
What would Dale's profit be if he exercised his options? Dale paid a premium of $0.40 per share

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Fundamentals of Futures and Options Markets

ISBN: 978-0132993340

8th edition

Authors: John C. Hull

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Posted Date: Jul 17, 2021 02:38 AM

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Dale bought 6 put option contracts for NAB shares, with a strike price of $9.03. At the

Question:

Dale bought 6 put option contracts for NAB shares, with a strike price of $9.03. At the expiry date the market price, or spot price, is $6.23. Each contract consists of 100 shares. What would Dale's profit be if he exercised his options? Dale paid a premium of $0.40 per share

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A Calculation of total premium paid by Dale premium p... View the full answer

Fundamentals of Futures and Options Markets

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Dale bought 6 put option contracts for NAB shares, with a strike price of $9.03. At the expiry date the market price, or spot price, is $6.23. Each contract consists of 100 shares.
What would Dale's profit be if he exercised his options? Dale paid a premium of $0.40 per share