Use These Option Quotes to Answer This Question

question 90

Multiple Choice

Use these option quotes to answer this question:

-What was the prior day's closing price on the 50 call option on JL stock?

• A) $4.45
• B) $4.75
• C) $5.05
• D) $5.10
• E) $5.30

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Definitions:

Strike Call

This term may be referring to the strike price of a call option, which is the set price at which the option holder can buy the underlying asset.

Interest Rate

The amount charged by lenders as a percentage of the principal, representing the cost of borrowing money.

Put Option

A legal document that grants the possessor the option to offload a specified quantity of a specific asset at a fixed price during a defined period, without any mandatory commitment to sell.

Expiration

The end of the life of a financial instrument or contract, after which it must either be settled by delivery of the underlying assets or closed.