Use these option quotes for JL stock to answer this question:
$$\begin{array} {cccccccc}
\text { Strike } & \text { Symbol } & \text { Lagt } & \text { Chy } & \text { Bid } & \text { Agk } & \text { Vol } & \text { Open Int } \
47.50 & \text { JLWH.x } & 6.00 & \uparrow .25 & 5.90 & 6.10 & 18 & 12 \
50.00 & \text { JLHJ.x } & 4.75 & \uparrow .30 & 4.80 & 5.00 & 17 & 14
\end{array}$$
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The price you will pay (per underlying share)to buy the 50 call option on JL stock is:
A)$4.75.
B)$4.80.
C)$5.00.
D)$5.90.
E)$6.00.

Question

Use these option quotes for JL stock to answer this question:
$$\begin{array} {cccccccc} 
\text { Strike } & \text { Symbol } & \text { Lagt } & \text { Chy } & \text { Bid } & \text { Agk } & \text { Vol } & \text { Open Int } \
47.50 & \text { JLWH.x } & 6.00 & \uparrow .25 & 5.90 & 6.10 & 18 & 12 \
50.00 & \text { JLHJ.x } & 4.75 & \uparrow .30 & 4.80 & 5.00 & 17 & 14
\end{array}$$
-
The price you will pay (per underlying share)to buy the 50 call option on JL stock is:
A)$4.75.
B)$4.80.
C)$5.00.
D)$5.90.
E)$6.00.

Quizplus · Accepted Answer

The call option symbol is JL201015C00050000, indicating that it is a call option on JL stock with a strike price of $50 and an expiration date of October 15th, 2020. The last traded price for this option was $5.00, which is the price you would pay (per underlying share) to buy the option. Therefore, the correct answer is C.

Use These Option Quotes for JL Stock to Answer This