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You Wrote Three Call Option Contracts with a Strike Price

question 160

Multiple Choice

You wrote three call option contracts with a strike price of $55 and an option premium of $.70. What is your net gain or loss on this investment if the price of the underlying stock is $53.30 on the option expiration date?


Definitions:

Selectively Attend

The process by which individuals focus on certain stimuli while ignoring others in their environment.

Broca's Aphasia

A condition characterized by difficulty in producing speech but with preserved comprehension, often due to damage in the frontal lobe of the brain.

Wernicke's Aphasia

A neurological disorder characterized by difficulty in understanding spoken language and producing coherent speech due to damage in Wernicke's area of the brain.

Frontal Lobes

The anterior part of the brain located behind the forehead, involved in decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

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