You Wrote Eight Call Option Contracts with a Strike Price

question 85

Multiple Choice

You wrote eight call option contracts with a strike price of $42.50 at a call price of $1.35 per share.What is your net gain or loss on this investment if the price of the underlying stock is $40.30 per share on the option expiration date?

• A)-$2,840
• B)-$1,760
• C)-$1,080
• D)$1,080
• E)$1,760

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