AA Company: Price 35 Puts -You Want to Sell 5 Put Option Contracts on AA

question 50

Multiple Choice

AA Company: Price 35.20

Calls:

$\begin{array}{|r|r|r|r|r|r|r|r|}\hline \text { Strike } & \text { Symbol } & \text { Last } & \text { Change } & \text { Bid } & \text { Ask } & \text { Volume } & \text { Open Int. } \\\hline 27.50 & \text { AAEY } & 7.70 & +0.28 & 7.70 & 7.80 & 2 & 289 \\\hline 30.00 & \text { AAEF } & 5.20 & +0.36 & 5.20 & 5.30 & 453 & 1,306 \\\hline 32.50 & \text { AAEZ } & 2.80 & +0.30 & 2.75 & 2.80 & 520 & 3,609 \\\hline 35.00 & \text { AAEG } & 0.45 & +0.20 & 0.40 & 0.50 & 656 & 5,372 \\\hline\end{array}$

Puts:

$\begin{array}{|r|l|r|r|r|r|r|r|}\hline \text { Strike } & \text { Symbol } & \text { Last } & \text { Change } & \text { Bid } & \text { Ask } & \text { Volume } & \text { Open Int. } \\\hline 35.00 & \text { AAQG } & 0.30 & -0.20 & 0.25 & 0.30 & 19 & 1.607 \\\hline 37.50 & \mathrm{AAQS} & 2.35 & -1.30 & 2.30 & 2.40 & 11 & 114 \\\hline 40.00 & \mathrm{AAQH} & 4.80 & -0.10 & 4.80 & 4.90 & 2 & 13 \\\hline\end{array}$
-You want to sell 5 put option contracts on AA stock at a strike price of $40 a share. How much will you receive in option premium if you place this order today?

• A) $2,300
• B) $2,350
• C) 2,400
• D) $2,450
• E) $2,500

Recognize the importance of unconditional positive regard in psychological development.

Understand the role of self-actualization and the actualizing tendency in achieving one's potential.

Familiarize with the use and development of the MMPI in psychological assessment.

Distinguish between objective and projective tests in personality assessment.

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Definitions:

Health Care

Health care encompasses services provided to individuals or communities for the prevention, management, and treatment of physical and mental health conditions.

Income Maintenance

Government programs designed to ensure individuals have a basic level of income, through mechanisms like unemployment benefits, social security, or welfare programs.

Economic Security

The condition of having stable income or other resources to support a standard of living now and in the foreseeable future.

Union-management Agreements

Agreements made between labor unions and employers regarding work conditions, wages, and benefits.