I Stood There with My Mouth Open Because I Was

question 361

Multiple Choice

I stood there with my mouth open because I was at a loss to understand what happened. 
Which of the following defines the phrase " at a loss" as used in the sentence above?

• A)Not knowing one's way
• B)No longer having something
• C)Sadness from the death of a loved one
• D)Confused and not knowing what to do

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Definitions:

Strike Price

The specified price at which the holder of an option can buy (in the case of a call option) or sell (in the case of a put option) the underlying security.

Market Price

The ongoing price point for buying or selling a service or asset in the market.

Put Option

An agreement that allows the holder to sell a predetermined quantity of a particular asset at an agreed-upon price before a certain deadline, without being required to do so.

Exercise Price

The exact price at which an option's holder is allowed to purchase (for a call option) or sell (for a put option) the asset underlying the option.