You bought a call option with a strike price of $40.What is your total payoff on this option contract if the underlying stock is selling for $42.70 on the option expiration date?
A) $3.00
B) $70.00
C) $133.00
D) $233.00
E) $270.00

Name: You bought a call option with a strike price of $40.What is your total payoff on this option contract if the underlying stock is selling for $42.70 on the option expiration date? A) $3.00 B) $70.00 C) $133.00 D) $233.00 E) $270.00
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Question

Quizplus · Accepted Answer

Payoff = 100 × ($42.70 - $40) = $270

You Bought a Call Option with a Strike Price of $40.What