You Purchased One SPX Call Option with a Strike of 1,400

question 4

Multiple Choice

You purchased one SPX call option with a strike of 1,400. You wrote one SPX call option with the same maturity date and a strike of 1,350. At maturity, what is your payoff if the S&P 500 is at 1,375?

• A) -$3,000
• B) -$300
• C) $30
• D) $300
• E) $3,000

---

Definitions:

Nutrients

Substances obtained from food that are essential for maintaining bodily functions and growth, including vitamins, minerals, carbohydrates, proteins, and fats.

Testosterone

A steroid hormone that plays a key role in the development of male reproductive tissues, as well as promoting secondary sexual characteristics and affecting moods.

Homosexual Males

Males who are sexually and/or romantically attracted to other males.

Heterosexual Males

Refers to men who are sexually attracted to women.