You Bought a Call Option with a Strike Price of $35.What

question 5

Multiple Choice

You bought a call option with a strike price of $35.What is your total payoff on this option contract if the underlying stock is selling for $36.70 on the option expiration date?

• A)$.00
• B)$30.00
• C)$33.00
• D)$133.00
• E)$170.00

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Definitions:

Integument

The natural covering of an organism or an organ, such as skin, shell, or membrane.

Telangiectasia

The expansion of small blood vessels near the surface of the skin or mucous membranes, causing visible red lines or patterns.

Comedo

A comedo is a type of acne lesion caused by the blockage of a hair follicle by sebum and dead skin cells, which can appear as blackheads or whiteheads.

Exudate

A fluid rich in protein and cellular elements that oozes out of blood vessels due to inflammation and is deposited in nearby tissues.