You Bought Six Call Option Contracts with a Strike Price

question 11

Multiple Choice

You bought six call option contracts with a strike price of $25.00 and a premium of $0.45.At expiration,the stock was selling for $23.75 a share.What is the total profit or loss on your option position if you did not exercise it prior to the expiration date?

• A) -$9.24
• B) -$10.20
• C) $0
• D) -$270
• E) -$450

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