You Write a Put with a Strike Price of $90

question 84

Multiple Choice

You write a put with a strike price of $90 on a stock you have shorted at $90. If the stock price at expiration is $93.12, what is your profit per share if the put premium was $4.15?

• A) $4.15
• B) $7.17
• C) $3.12
• D) -$2.09
• E) $1.03

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Definitions:

Benefit Corporation

A type of business structure that aims to create general public benefit in addition to generating profit for shareholders.

Stakeholder Commitment

The support and engagement of individuals or groups who have an interest in the success of a project, initiative, or organization.

Traditional Education

A form of learning that takes place in a structured educational system, typically involving face-to-face instruction in schools or universities.

Trial And Error

A problem-solving method involving repeated, varied attempts which are continued until success, or until the agent stops trying.