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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