USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 113

Multiple Choice

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

-Refer to Exhibit 16.8. If you establish a long straddle using the options with a 90 exercise price, what is your dollar gain or loss if at expiration XYZ is still trading at 101 11/16?

• A) $68.75 loss
• B) $68.75 gain
• C) $37.50 loss
• D) $1,200.00 loss
• E) $1,200.00 gain

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