Question: Use these option quotes to answer this question. ZZ Industries: Price 3 4 . 3 6 Calls: Strike Symbol Last Change Bid Ask Volume Open

Use these option quotes to answer this question.
ZZ Industries: Price 34.36
Calls:
Strike Symbol Last Change Bid Ask Volume Open Interest
30.00 ZZBF 4.30.074.304.40623,429
32.50 ZZBZ 1.87.071.821.872368,168
35.00 ZZBG .01.05.00.01311938,017
Puts:
Strike Symbol Last Change Bid Ask Volume Open Interest
30.00 ZZNF .01.00.00.0107,258
32.50 ZZNZ .01.02.00.0156234,972
35.00 ZZNG .60.14.63.68263719,686
You want the right, but not the obligation, to sell 300 shares of ZZ Industries stock at a price of $32.50 a share. How much will it cost you to establish this option position?
Multiple Choice
$3.82
$3.60
$3.00
$3.78
$4.00

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!