Suppose You Purchased 2 Put Option Contracts with a Strike

question 26

Multiple Choice

Suppose you purchased 2 put option contracts with a strike price of $37.50 and a premium of $0.40. What is your net amount you will receive for your shares if you exercise this contract?

• A) $3,710
• B) $3,790
• C) $5,750
• D) $7,420
• E) $7,580