You Wrote Ten Call Option Contracts on JIG Stock with a Strike

question 85

Multiple Choice

You wrote ten call option contracts on JIG stock with a strike price of $41 and an option price of $.60. What is your net gain or loss on this investment if the price of JIG is $46.05 on the option expiration date?

• A) -$5,050
• B) -$4,450
• C) $410
• D) $4,450
• E) $5,050

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Definitions:

Birth Order

Refers to the order a child is born in their family; first-born and second-born are examples of birth order, which psychologists study for its potential impact on personality and behavior.

Dethronement

Refers to the psychological impact experienced by a child when a younger sibling is born, leading to feelings of loss of attention and displacement.

First-born

A term denoting the first child born to a parent or parents, often discussed in the context of birth order effects on personality and development.

Styles of Life

Refers to Alfred Adler's concept of individual patterns of behavior and attitudes that develop as a result of interactions between one's unique environment and genetic disposition.