You Purchased Six Put Option Contracts with a Strike Price

question 74

Multiple Choice

You purchased six put option contracts with a strike price of $30 and a premium of $0.90.At expiration,the stock was selling for $26.80 a share.What is the total net amount you received for your shares,assuming that you disposed of your shares on the expiration date?

• A) $17,955
• B) $17,460
• C) $17,045
• D) $17,815
• E) $17,160