You Bought a Put Option Contract with a Strike Price

question 41

Multiple Choice

You bought a put option contract with a strike price of $37.50 and a premium of $1.80. At expiration, the stock was selling for $35 a share. What is the net total amount you received for your shares assuming that you disposed of your shares on the expiration date?

• A)$3,680
• B)$3,930
• C)$3,570
• D)$3,330
• E)$3,320

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Definitions:

Grassroots Mobilization

The process of organizing and motivating a broad base of people at the local level to participate in campaigns or movements, often relating to political or social issues.

Working Class

A social group consisting of people employed in lower-tier jobs, often involving manual labor, who are salaried or wage-earning.

Social Movement Unionism

A trend within labor movements that emphasizes broader social goals rather than just focusing on raises and benefits for members, often aligning with other social justice movements.

Solidarity Unionism Model

Emphasizes grassroots organization and direct action by workers, often without official union recognition or traditional collective bargaining structures.