You want the right, but not the obligation, to sell 300 shares of ZZ Industries stock at a price of $30.00 per share and an option cost of $1. How much will it cost you to establish this option position?
A)$300
B)$320
C)$360
D)$378
E)$382

Question

Quizplus · Accepted Answer

The Answer of You want the right, but not the obligation, to sell 300 shares of ZZ Industries stock at a price of $30.00 per share and an option cost of $1. How much will it cost you to establish this option position?
A)$300
B)$320
C)$360
D)$378
E)$382

You Want the Right, but Not the Obligation, to Sell