You Write One LLY February 70 Put for a Premium

question 83

Multiple Choice

You write one LLY February 70 put for a premium of $5. Ignoring transactions costs, what is the break-even price of this position?

• A) $65
• B) $75
• C) $5
• D) $70

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Definitions:

Insulation Job

A task involving the application of insulating materials to buildings or other structures to reduce energy consumption and improve thermal performance.

Annual Fuel Bill

The total cost of fuel consumed in a year, typically for vehicles or heating.

Interest Rate

The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender.

Investment

The allocation of resources, usually money, into assets or projects expected to yield future returns.