Tim Purchased 5 Put Option Contracts on Western Fields Stock

question 17

Multiple Choice

Tim purchased 5 put option contracts on Western Fields stock.The strike price was $35 and the option premium was $0.55.At expiration,the stock was selling for $35.75.What is the payoff on the option contracts?

• A) -$60
• B) -$30
• C) $0
• D) $30
• E) $60

---

Definitions:

Stewardship Considerations

Involves responsible planning and management of resources, ensuring they are used ethically and sustainably.

Ongoing Relationship

A continuous interaction or connection between individuals or entities that evolves over time.

Discrimination

The unfair or prejudicial treatment of people based on characteristics such as race, age, gender, or disability.

Intolerance

An unwillingness or refusal to accept and respect differing viewpoints, practices, or individuals.