ZXC Stock Is Currently Priced at $42

question 446

Multiple Choice

ZXC stock is currently priced at $42.27 a share. The six-month puts are priced at $0.80 and have a $42.50 strike price. Fred owns 1,000 shares of ZXC stock and wants to sell it for the best possible
Price. Fred should:

• A) Buy 10 puts and then exercise them immediately.
• B) Buy 1 put and then exercise it immediately.
• C) Sell 10 puts and then exercise them immediately.
• D) Sell 1 put and then exercise it immediately.
• E) Sell the shares directly at the market price.

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