You Bought a Put Option Contract with a Strike Price

question 41

Multiple Choice

You bought a put option contract with a strike price of $37.50 and a premium of $1.80. At expiration, the stock was selling for $35 a share. What is the net total amount you received for your shares assuming that you disposed of your shares on the expiration date?

• A)$3,680
• B)$3,930
• C)$3,570
• D)$3,330
• E)$3,320