You Wrote Three Call Option Contracts with a Strike Price

question 161

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?

• A) -$720
• B) -$300
• C) -$210
• D) $210
• E) $720

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