You Sold Ten Put Option Contracts on PLT Stock with an Exercise

question 229

Multiple Choice

You sold ten put option contracts on PLT stock with an exercise price of $32.50 and an option price of $1.10. Today, the option expires and the underlying stock is selling for $34.30 a share. Ignoring
Trading costs and taxes, what is your total profit or loss on this investment?

• A) -$2,900
• B) -$1,100
• C) $700
• D) $1,100
• E) $2,900

Understand the process and requirements for obtaining information under the Freedom of Information Act (FOIA).

Recognize the role and procedures of adjudication in resolving agency violations.

Know the avenues for challenging a failure to comply with an FOIA request.

Understand the factors that contribute to judicial deference towards an administrative agency’s interpretation of the law.

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Definitions:

Repeat

To do or say something again, often for emphasis, clarification, or to ensure retention of information.

Indirect Approach

A communication strategy that uses suggestions, implications, or subtlety rather than direct statements or instructions.

Negative Information

Data or facts that present an unfavorable or adverse situation.

Intuitive Approach

A method or strategy that is easy to understand and use, often because it feels natural or obvious.