You Sold 6 Put Options with a Strike Price of $95

question 119

Multiple Choice

You sold 6 put options with a strike price of $95. If the stock price at expiration is $92.18, what is your profit? The premium of this put is $5.90.

• A) $1,848
• B) - $1,692
• C) - 864
• D) $3,240
• E) $1,692

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Definitions:

Dawes Act

An 1887 law aimed at Americanizing indigenous peoples by dividing communal tribal land into individual allotments, leading to significant loss of indigenous lands.

Tribalism

A societal organization based on tribes or ethnic groups, often highlighting strong loyalty and social ties.

Gilded Age

A term describing the late 19th century period in the United States characterized by rapid economic growth, technological advancement, and superficial wealth.