You Own Both a May 20 Call and a May

question 210

Multiple Choice

You own both a May 20 call and a May 20 put. If the call finishes in the money, then the put will:

• A) Also finish in the money.
• B) Finish at the money.
• C) Finish out of the money.
• D) Either finish at the money or in the money.
• E) Either finish at the money or out of the money.

---

Definitions:

Sole Owners

Individuals or entities that are the exclusive legal proprietors of a business, property, or any asset.

Purported Partner

A purported partner is someone who acts as though they are a partner in a business, either intentionally or by implication, potentially creating liability as if they were a true partner.

Tangible Harm

Real, physical, or material damage or loss that can be quantified or observed.

Transfer Document

A legal document evidencing the transfer of ownership or title from one party to another.