You Own One SPX Call Option with a Strike of 1,400.What

question 28

Multiple Choice

You own one SPX call option with a strike of 1,400.What is the payoff at maturity for this option contract if the S&P 500 index is 1,414?

• A)$0
• B)$14
• C)$140
• D)$1,400
• E)$14,000

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Definitions:

Phenomenological Approach

A research method focusing on individuals' subjective experiences and interpretations of the world around them.

Symbols

Objects, signs, or emblems used to represent ideas, concepts, or other entities in a way that conveys meaning beyond their literal sense.

Reciprocal Determinism

The theory in psychology that a person's behavior both influences and is influenced by personal factors and the social environment.

Introversion-Extraversion

A personality trait spectrum where introversion is characterized by a focus on internal feelings rather than external sources of stimulation, and extraversion is characterized by energy from external interactions.