You Own 2 SPX Put Options with a Strike of 1600

question 45

Multiple Choice

You own 2 SPX put options with a strike of 1600. What is the payoff at maturity for this option contract if the S&P 500 index is 1622?

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

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