You buy a put option on 100 shares of stock. The put has a premium (per share)
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Question:
You buy a put option on 100 shares of stock. The put has a premium (per share) of $0.42 and a strike/exercise price of $5.10. The stock currently has a price of $5.63 per share. On the day that the option expires, the stock is selling for $5.02. What ends up being your net payoff on this position?
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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