Question: please help asap 6. Pat wrote 3 put option contracts on InSwan Inc. stock. The option premium was $2.85 and the strike price was $29.00.
6. Pat wrote 3 put option contracts on InSwan Inc. stock. The option premium was $2.85 and the strike price was $29.00. On the expiration date, the stock was selling for $25.15 a share. What is the total profit (loss) on the 3 option contracts? A. $300 B. $100 C. $0 D. $1,155 E. \$2,010 7. You purchased a put with a strike price of $78 and an option premium of 58.55. You simultaneously bought share of the stock at a price of $80 a share. What is your profit per share on these transactions if the stock price at expiration is $75 ? (assume all positions are "naked" and you don't intend to keep any shares) A. $5.55 B. $3.00 C. $3.55 D. $5.00 E. $10.55 8. You wrote 2 put option contracts on Mountain Builders stock at an option premium of $2.25. The strike price is $35. What is your break-even stock price? A. $30.50 B. $32.75 C. $35.00 D. $37.25 E. $39.50
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