You Own Eight Call Option Contracts on Swift Water Tours

question 1

Multiple Choice

You own eight call option contracts on Swift Water Tours stock with a strike price of $15.When you purchased the shares the option price was $0.30 and the stock price was $15.25.What is the total intrinsic value of these options if the stock is currently selling for $16.08 a share?

• A)-$83
• B)-$1.08
• C)$0
• D)$108
• E)$864

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Definitions:

Pantomimes

Performances that use gestures and body movements without spoken words to convey stories or emotions.

Scene

A place where an event occurs, or a distinct part of a narrative or performance.

Right Half

Typically refers to the right hemisphere of the brain, which is involved in spatial abilities, face recognition, and processing music and art.

Left Side

Refers to the side of an object or organism that is to the west when the object or organism is facing north. This term is often used in relation to the human body, indicating the side that contains the heart and is opposite the right side.