You Own 200 Shares of Delta Stock Which Is Currently

question 22

Multiple Choice

You own 200 shares of Delta stock which is currently worth $33 a share.You just paid an option premium of $0.55 to buy two put contracts on this stock with a strike price of $30.What is the maximum loss per share you are avoiding by purchasing the option contract?

• A) $30.00
• B) $30.85
• C) $32.15
• D) $33.00
• E) $33.85

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