Question: Hi, can you please help me with this question. The correct answer is 2678.00, but I am getting something different from my teacher. Thanks. Your
Hi, can you please help me with this question. The correct answer is 2678.00, but I am getting something different from my teacher. Thanks.
Your client purchased 300 shares of Speedy Airlines common stock at $27.61 a share in July of 2015. In June of 2016 the client writes 2 October 35 calls at 6 against the stock position. If the market of Speedy Airlines is trading at $39.79 at expiration, what is the client's realized gain?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
