You Purchased Three Call Option Contracts with a Strike Price

question 77

Multiple Choice

You purchased three call option contracts with a strike price of $22.50 and an option premium of $0.45.You held the option until the expiration date.On the expiration date,the stock was selling for $21.70 a share.What is the total profit or loss on your option position?

• A) -$45
• B) $0
• C) -$240
• D) -$120
• E) -$135

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Definitions:

Gustatory Cortex

Brain region involved in the perception of taste.

Medulla Oblongata

A part of the brainstem crucial for controlling autonomic functions such as breathing, heart rate, and blood pressure.

Ethmoid Bone

A spongy, cubical bone at the root of the nose that separates the nasal cavity from the brain, part of the cranium.

Olfactory Bulbs

Structures located at the base of the brain's frontal lobes, involved in the processing of odors.