Angelina Sold 100 Puts on a Stock at a Price

question 173

Multiple Choice

Angelina sold 100 puts on a stock at a price of $1.20. The strike price is $20 and the underlying security is priced at $21.00. If the option is exercised, Angelina will:

• A) Receive $210,000 in exchange for her shares of stock.
• B) Receive a net of $188,000 after considering the cost of the puts.
• C) Received $2,000 from the stock issuer.
• D) Pay a net cost of $188,000 to buy her shares.
• E) Pay $210,000 when the option is exercised.

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Learn about instinct theories and social learning theories related to aggression.

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