You Need to Immediately Purchase 100 Shares of Stock X

question 88

Multiple Choice

You need to immediately purchase 100 shares of Stock X and you own a call option with a strike price of $32.The current price of Stock X is $25.Your best course of action is

• A) to exercise your call option at price of $32.
• B) to purchase a new call option with a strike price of $25 and exercise it.
• C) to purchase the stock in the market at a price of $25.
• D) none of the above.

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