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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Definitions:

Social Capital

The interconnectedness of people within a specific community, enabling the community to work effectively.

Day Care Center

A facility that provides care and education for children too young for primary school, often while their parents are at work.

Social Capital

The networks, relationships, and norms that facilitate collective action and cooperation within a community.

Tethers

Cords, ropes, or chains by which an object, animal, or person is attached to a specific point, limiting their range of movement.