Question: Use these option quotes to answer this question: ZZ Industries: Price 34.36 Calls: Strike Symbol Last Chg Bid Ask Vol Open Int 30.00 ZZBF 4.30

Use these option quotes to answer this question:

ZZ Industries: Price 34.36

Calls:

Strike

Symbol

Last

Chg

Bid

Ask

Vol

Open Int

30.00

ZZBF

4.30

.07

4.30

4.40

62

3,429

32.50

ZZBZ

1.87

.07

1.82

1.87

236

8,168

35.00

ZZBG

.01

.05

.00

.01

3119

38,017

Puts:

Strike

Symbol

Last

Chg

Bid

Ask

Vol

Open Int

30.00

ZZNF

.01

.00

.00

.01

0

7,258

32.50

ZZNZ

.01

.02

.00

.01

562

34,972

35.00

ZZNG

.60

.14

.63

.68

2637

19,686

You want to sell five call option contracts on ZZ Industries stock at a strike price of $32.50 a share. How much will you receive in option premiums if you place this order today?

Top of Form

Multiple Choice

$300

$1,290

$910

$728

$546

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