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:

Frontal Lobe

The part of the brain located at the front of each cerebral hemisphere, associated with complex cognitive functions and behavior control.

Stroke

A medical condition that occurs when the blood supply to part of the brain is interrupted or reduced, leading to brain tissue death and potentially resulting in physical and cognitive impairments.

Parietal Lobe

The parietal lobe is a region of the brain that plays a key role in processing sensory information from various parts of the body, spatial orientation, and language interpretation.

Temporal Lobe

A region of the cerebral cortex responsible for processing auditory information, as well as being involved in memory and speech.