You Own 3 SPX Put Options with a Strike of 1850

question 32

Multiple Choice

You own 3 SPX put options with a strike of 1850. What is the payoff at maturity for this option contract if the S&P 500 index is 1862?

• A)−$2,200
• B)−$22
• C)$0
• D)$22
• E)$2,200

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Definitions:

Ethical Dilemma

A situation where a person must choose between conflicting moral principles, making it difficult to decide the right course of action.

Ethical Lapse

A failure to act in a morally correct way, often resulting in actions that are unethical or improper.

Ethical Communication

Involves sharing information in a way that is fair, honest, and respectful to all parties involved, adhering to moral principles.

Defamation

The intentional communication of false statements that damage someone’s character or reputation.