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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Lacking clearness or definiteness; difficult to comprehend, distinguish, or classify due to having more than one possible interpretation.