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:

Comma Splice

The grammatical error of joining two independent clauses with a comma without an appropriate conjunction or punctuation mark.

Comma Splice

A grammatical mistake where two independent clauses are joined incorrectly with only a comma without an appropriate conjunction.

Independent Clauses

Sentences or parts of sentences that can stand alone as complete thoughts because they contain both a subject and a verb.

Punctuation

The system of symbols, including commas, periods, question marks, and exclamation points, used in writing to separate sentences and clarify meaning.