MRK is selling at 27.03. If I buy a 27.5 call and its data consists of: Last

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MRK is selling at 27.03. If I buy a 27.5 call and its data consists of:

Last 1.85
Change- down .05
Bid 1.75
Ask 1.85
Volume 231
Open Int 9815
Then why would I only make .35 if MRK is selling at 29?

Related Book For answer-question

Macroeconomics Principles and Applications

ISBN: 978-1111822354

6th edition

Authors: Robert E. Hall, Marc Lieberman

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Posted Date: Mar 07, 2022 04:37 AM

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MRK is selling at 27.03. If I buy a 27.5 call and its data consists of: Last

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You are buying a contract that allows you to purchase 100 shares of Mer ck stock at 27 50 per share ... View the full answer

Macroeconomics Principles and Applications

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