1. Suppose you bought a call option with a strike price of$18 for $3. What would beyour payoff from this option if theunderlying stock is worth $27 at option expiration?
2. Suppose you bought a call option with a strike price of$19 for $4. What would beyour profit from this option if theunderlying stock is worth $27 at option expiration?
3. Suppose you bought a put option with a strike price of$23 for $3. What would beyour payoff from this option if theunderlying stock is worth $14 at option expiration?
4.Suppose you bought a put option with a strike price of $31 for$4. What would be your profit from thisoption if the underlying stock is worth $13 at optionexpiration?
1. Suppose you bought a call option with a strike price of $18 for $3. What would be your payoff from this option if the
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