You Own 6 Put Option Contracts on JL Industrial Stock

question 68

Multiple Choice

You own 6 put option contracts on JL Industrial stock.You paid an option premium of $0.75 for a strike price of $42.50.On the option expiration date,the stock was selling for $41.00 a share.What is your percentage return?

• A)-100 percent
• B)-18.75 percent
• C)51.26 percent
• D)78.75 percent
• E)100 percent

---

Definitions:

Somatization Disorder

A mental disorder characterized by the presentation of physical symptoms that suggest illness or injury, but which cannot be fully explained by a medical condition.

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception and inappropriate actions.

Anorexia Nervosa

An eating disorder characterized by an obsessive fear of gaining weight, leading to severe restriction of food intake and malnourishment.

Physical Activity

Any bodily movement produced by skeletal muscles that requires energy expenditure, including activities undertaken while working, playing, carrying out household chores, traveling, and engaging in recreational pursuits.