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:

Computer-based Training

A method of learning that utilizes computer technology to deliver educational programs to participants.

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The process of acquiring skills, knowledge, and competencies as a result of direct experience or performing tasks and activities in a work setting.

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Technologies that are not advanced or complex, often easy to use and with a focus on practicality and accessibility.

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Workers who engage in the excessive or harmful use of drugs or alcohol, potentially impacting their performance and workplace safety.