You Own 2 SPX Put Options with a Strike of 1744

question 48

Multiple Choice

You own 2 SPX put options with a strike of 1744. What is the payoff at maturity for this option contract if the S&P 500 index is 1722?

• A)−$4,400
• B)−$44
• C)$0
• D)$44
• E)$4,400

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Definitions:

Transcutaneous Electrical Nerve Stimulation (TENS)

Treatment for pain involving electrical stimulation of neurons from the surface of the skin.

Implanted Devices

Medical apparatuses surgically placed inside the body to support or replace an organ's function or monitor conditions, such as pacemakers or cochlear implants.

Self-Paced Administration

A method of task or testing administration where individuals control the timing and pace at which they engage with the material.

Analgesic Drugs

Medications designed to reduce or eliminate pain without causing unconsciousness.