You bought 48 call option contracts for $1.69 per option. The options have a strike price of
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Question:
You bought 48 call option contracts for $1.69 per option. The options have a strike price of $79 and the current stock price is $79.04.
Assume that the stock price is $80.27 after 3 months. The stock did not pay any dividends.
What is your profit (in $)?
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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