You Currently Own a Put Option on Stock X with a Strike

question 13

Multiple Choice

You currently own a put option on Stock X with a strike price of $25.If the current price of Stock X is $30,then what is the in-the-money amount of the option?

• A) -$5
• B) $0
• C) $5
• D) none of the above

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Definitions:

Manufacturer's Warranty

A promise by the maker of a product regarding the condition, quality, or lifespan of the item they sell.

Sale of Goods Act

Legislation regulating the sale of goods, ensuring certain standards for transactions.

Title

The legal right to own, use, or dispose of property.

Sale of Goods Act

is a legal statute that governs the sale of goods, providing rights, duties, and obligations for both buyers and sellers in a transaction.