Krysten has written 25 European put options on Ampol Ltd, which is currently trading at $33.72. The
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Question:
Krysten has written 25 European put options on Ampol Ltd, which is currently trading at $33.72. The option premium received is $1.15 per option contract. The strike price is set at $30. What is the total net profit/loss to Krysten if Ampol Ltd's stock price decreases to $26.50 at the expiration date?
Your response must be entered as a positive (profit)/negative (loss) numerical value with 2 decimal places and excluding the dollar sign ($).
Related Book For
Corporate Finance Core Principles and Applications
ISBN: 978-1259289903
5th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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