You Wrote Six Put Option Contracts on Bakers Field Stock

question 19

Multiple Choice

You wrote six put option contracts on Bakers Field stock with an exercise price of $30 and an option price of $2.20.The stock price was $31.20 a share on the option expiration date.Ignoring trading costs and taxes,what is your total net profit or loss on this investment?

• A)−$1,320
• B)$2,040
• C)$1,320
• D)$1,180
• E)−$1,180

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