You Own Three SPX Call Options with a Strike of 1,800.What

question 18

Multiple Choice

You own three SPX call options with a strike of 1,800.What is the payoff at maturity for this option contract if the S&P 500 index is 1,820?

• A) $0
• B) $20
• C) $200
• D) $1,200
• E) $6,000

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Definitions:

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A judge appointed by the president of the United States and confirmed by the U.S. Senate, who adjudicates cases within the federal court system.

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The national legislative body of the United States, consisting of the Senate and the House of Representatives, responsible for making federal laws.

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