Question: what is the payoff for a put option with a strike price of $20 if the price of the underlying stock at expiration is $18?
what is the payoff for a put option with a strike price of $20 if the price of the underlying stock at expiration is $18?
Suppose you own a call option on a stock with a strike price of $20 that expires today. The price of the undelying stock is $15. If you exercise the option and immediately sell the stock? Are you gonna earn or loss and how much?
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