You Purchased 1 SPX Call Option with a Strike of 1500

question 108

Multiple Choice

You purchased 1 SPX call option with a strike of 1500. You wrote one SPX call option with the same maturity date and a strike of 1450. At maturity, what is your payoff if the S&P 500 is at 1475?

• A)−$2,500
• B)−$250
• C)$25
• D)$250
• E)$2,500

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