What Is the Payoff for a Put Option with a Strike

question 40

Multiple Choice

What is the payoff for a put option with a strike price of $22 if the price of the underlying stock at expiration is $19?

• A) $1
• B) $3
• C) $20
• D) $22

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Definitions:

Zygomaticus Major

A facial muscle that draws the mouth upward and outward, mainly responsible for smiling.

Digastric

A muscle located under the jaw that consists of two bellies connected by an intermediate tendon and aids in the opening of the mouth.

Sternohyoid

A muscle in the anterior neck that depresses the hyoid bone and larynx during swallowing and speech.

Depressor Anguli Oris

A facial muscle that is responsible for pulling the corners of the mouth downwards and laterally, contributing to expressions of sadness or frowning.