What Is the Total Option Premium You Will Receive If $\text { Iexas Instruments (TXN) }$

question 15

Multiple Choice

What is the total option premium you will receive if you sell 4 May $27.50 calls on Texas Instruments?
$\text { Iexas Instruments (TXN) }$
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text {CALL}$ $\quad$ $\quad$ $\quad$$\text {PUT}$
$\begin{array}{llllll}\text { Exp } & \text { Strike } & \text { Bid } & \text { Ask } & \text { Bid } & \text { Ask }\\\text { May } & 25.00 & 6.60 & 6.70 & \text { N/A } & .01 \\\text { Jun } & 25.00 & 6.50 & 6.75 & \text { N/A } & .03 \\\text { Oct } & 25.00 & 6.95 & 7.25 & .39 & .42 \\\text { May } & 27.50 & 4.10 & 4.15 & \text { N/A } & .01\\\text { Jun}&27.50&4.05&4.30&.07&.10\end{array}$

• A)$90
• B)$850
• C)$1,640
• D)$2,170
• E)$3,375

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Definitions:

Personal Potential

The capacity for an individual to develop and achieve personal growth and improvement over time.

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A thwarting of self-development related to failure to satisfy the metaneeds.

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Refers to Abraham Maslow, an American psychologist known for creating Maslow's hierarchy of needs, a theory in psychology regarding human motivation.

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Individuals who have realized and fulfilled their potential to the fullest extent, a concept at the top of Maslow's hierarchy of needs.