Li paid $300 to purchase a call (unit of trade = 100) on Delta stock with a strike price of $25. What does the market price of Delta have to be for Li to break-even (profit=0) on his option investment? Briefly draw the profit (not payoff) graph for Li's option. (2 pts)

Answer rating: 100% (QA)

To break even on a call option the market price of the underlying asset in this case Delta stock mus... View the full answer