You Purchased Six TJH Call Option Contracts with a Strike

question 58

Multiple Choice

You purchased six TJH call option contracts with a strike price of $40 when the option was quoted at $1.30. The option expires today when the value of TJH stock is $41.90. Ignoring trading costs and taxes,what is your total profit or loss on your investment?

• A) $60
• B) $320
• C) $360
• D) $420
• E) $540

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Definitions:

Subcultural Theory

Argues that gangs are a collective adaptation to social conditions. Distinct norms and values that reject the legitimate world crystallize in gangs.

Moral Panic

A widespread feeling of fear, often irrational, that some evil threatens the well-being of society, typically driven by media coverage and societal reactions.

Survival Strategy

The methods and actions individuals or groups use to cope with and overcome challenging situations or environments to sustain life.

Criminal Subcultures

Groups within society that hold values or norms that deviate from the mainstream and engage in criminal or deviant behaviors.