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

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