You Purchased Six TJH Call Option Contracts with a Strike

question 138

Multiple Choice

You purchased six TJH call option contracts with a strike price of $40 when the option was quoted at $1.30. The option expires today when the value of TJH stock is $41.90. Ignoring trading costs and
Taxes, what is your total profit or loss on your investment?

• A) $60
• B) $320
• C) $360
• D) $420
• E) $540

---

Definitions:

Nursing Assistant

A certified healthcare professional who provides basic care to patients under the supervision of nursing staff.

Discharge Teaching

Education provided to a patient and their caregivers about care and treatment recommendations upon discharge from a healthcare facility.

Mental Status Assessment

A clinical evaluation aimed at determining a patient's level of cognitive functioning, including awareness, orientation, memory, and attention.

Hospital Bathroom

A bathroom facility located within a hospital, designed to accommodate the needs of patients, including those with reduced mobility.