You Buy an S&P 500 Index Call Option for $15

question 15

Short Answer

You buy an S&P 500 Index Call Option for $15. The strike price is $1,250. If the index closes at $1,290, what is your total profit?

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Definitions:

Extranet

A private network that uses Internet protocols, network connectivity, and possibly the public telecommunication system to share a part of an organization's information or operations with suppliers, vendors, partners, customers, or other businesses.

Private Internet

A network established within an organization or between specific entities that uses internet protocols but is restricted to authorized users.

Authorized Users

Individuals or entities that have been granted permission to access specific resources, services, or information within a system or organization.

Supply Management Process

The systematic approach that ensures the effective and efficient procurement and use of the necessary resources to meet organizational needs.