Suppose you purchase eight call contracts on Macron Technology stock. The strike price is $60, and the
Question:
Suppose you purchase eight call contracts on Macron Technology stock. The strike price is $60, and the premium is $3. If, at expiration, the stock is selling for $64 per share, what are your call options worth? What is your net profit?
Strike PriceIn finance, the strike price of an option is the fixed price at which the owner of the option can buy, or sell, the underlying security or commodity.
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Given Data of contracts 8 Strike pri...View the full answer
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Related Book For 
Fundamentals of Investments Valuation and Management
ISBN: 978-0078115660
7th edition
Authors: Bradford Jordan, Thomas Miller
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