You Bought a Put Option Contract with a Strike Price

question 41

Multiple Choice

You bought a put option contract with a strike price of $37.50 and a premium of $1.80. At expiration, the stock was selling for $35 a share. What is the net total amount you received for your shares assuming that you disposed of your shares on the expiration date?

• A)$3,680
• B)$3,930
• C)$3,570
• D)$3,330
• E)$3,320

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Definitions:

Cocaine

A powerful stimulant drug derived from the leaves of the coca plant, often used recreationally for its euphoric effects.

Methamphetamine

A powerful, highly addictive stimulant drug that affects the central nervous system, leading to increased activity, decreased appetite, and a sense of euphoria.

MDMA

A synthetic drug that alters mood and perception, known for its stimulant and psychedelic effects.

Negative Side Effects

Unintended adverse outcomes that occur alongside or as a result of interventions, treatments, or actions.