You Own 6 Put Option Contracts on JL Industrial Stock

question 35

Multiple Choice

You own 6 put option contracts on JL Industrial stock.You paid an option premium of $0.85 for a strike price of $37.50.On the option expiration date,the stock was selling for $35.00 a share.What is your percentage return?

• A) -100 percent
• B) -18.75 percent
• C) 71.26 percent
• D) 194.00 percent
• E) 200.20 percent

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