A Put Option Is Priced at $1

question 62

Multiple Choice

A put option is priced at $1.43 and has an option delta of-0.21. The underlying stock price is $23. If the stock price increases to $24, the put option price will be approximately;

• A) $1.10
• B) $1.14
• C) $1.16
• D) $1.19
• E) $1.22

---

Definitions:

Subject-Matter Jurisdiction

The jurisdiction of a court to preside over certain types of cases or those concerning particular topics.

Limitation

The legally specified period within which an action can be brought, such as a lawsuit or prosecution, after which legal proceedings may not be initiated.

Original Jurisdiction

The power of a court to take a case, try it, and decide it.

Appellate Jurisdiction

The power of a court to hear and decide an appeal. The authority of a court to review cases that have already been tried in a lower court and to make decisions about them without holding a trial.