You Wrote Ten Call Option Contracts on JIG with a Strike

question 3

Multiple Choice

You wrote ten call option contracts on JIG with a strike price of €40 and an option price of €.40.What is your net gain or loss on this investment if the price of JIG is €46.05 on the option expiration date?

• A)-€6,450
• B)-€5,650
• C)€400
• D)€5,650
• E)€6,450

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