You received $2.71 per option to sell ishort positionl 1 contract [100 options] of Big Deal...

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You received $2.71 per option to sell ishort positionl 1 contract [100 options] of Big Deal Company's call option. The exercise price Istrike pricel of the option is $47 and the current market price of Big Deal Company's common stock is $41 per share. Big Deal Company's common stock market price rose to $65 per share and the buyer exercised the call option. What is your total profit or loss on the transaction? If it's a loss, place a minus sign I-1 in front of your answer. QUESTION 28 You paid $2.71 per option to purchase Ilong positionl 1 contract [100 options] of Big Deal Company's call option. The exercise price Istrike pricel of the option is $47 and the current market price of Big Deal Company's common stock is $41 per share. Big Deal Company's common stock market price rose to $65 per share and you exercised your call option. What is your total profit or loss on the transaction? If it's a loss, place a minus sign [-] in front of your answer. You received $2.71 per option to sell ishort positionl 1 contract [100 options] of Big Deal Company's call option. The exercise price Istrike pricel of the option is $47 and the current market price of Big Deal Company's common stock is $41 per share. Big Deal Company's common stock market price rose to $65 per share and the buyer exercised the call option. What is your total profit or loss on the transaction? If it's a loss, place a minus sign I-1 in front of your answer. QUESTION 28 You paid $2.71 per option to purchase Ilong positionl 1 contract [100 options] of Big Deal Company's call option. The exercise price Istrike pricel of the option is $47 and the current market price of Big Deal Company's common stock is $41 per share. Big Deal Company's common stock market price rose to $65 per share and you exercised your call option. What is your total profit or loss on the transaction? If it's a loss, place a minus sign [-] in front of your answer.

Answer rating: 100% (QA)

For the short position The call option was sold for 271 per option which means that the total premiu... View the full answer