You Sold (Wrote) Three TXA Call Option Contracts with a Strike

question 84

Multiple Choice

You sold (wrote) three TXA call option contracts with a strike price of $35 when the option was quoted at $2.60. The option expires today when the value of TXA stock is $33.70. Ignoring trading
Costs and taxes, what is your total profit or loss on your investment?

• A) $0
• B) $260
• C) $390
• D) $780
• E) $1,170

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Definitions:

Flower Parts

The components of a flower, including petals, sepals, stamens, and pistils, which are involved in reproduction through the processes of pollination and fertilization.

Modified Branch

A plant structure that has evolved from a basic branch form to serve a different function, such as a cactus spine or a climbing tendril.

Whorl

A pattern in which leaves, petals, or other plant parts are arranged in a circular fashion around a central axis.

Sepals

Sepals are the often green, leaf-like parts of a flower that protect the developing bud.