You Write 15 Call Option Contracts at Price of $2

question 46

Multiple Choice

You write 15 call option contracts at price of $2.64 and a strike price of $55. If the stock price at expiration is $61.12, what is your profit?

• A) -$5,220
• B) -$3,960
• C) $6,320
• D) $3,960
• E) -$9,180

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Definitions:

Haustra

The sacculations or pouches formed by the folding of the colon's wall, allowing expansion and elongation for the process of digestion.

Villi

Small finger-like projections that line the small intestine, increasing its surface area for nutrient absorption.

Cystic Duct

A small duct that connects the gallbladder to the common bile duct, conducting bile to and from the gallbladder.

Hepatic Duct

The duct that conveys bile from the liver and gallbladder to the duodenum.