Use these option quotes to answer this question:

-What price will you receive (per underlying share)if you sell the 47.50 call option on JL stock?
A) $4.80
B) $5.00
C) $5.90
D) $6.00
E) $6.10

Question

Use these option quotes to answer this question:
 
-What price will you receive (per underlying share)if you sell the 47.50 call option on JL stock?
A) $4.80 
B) $5.00 
C) $5.90 
D) $6.00 
E) $6.10

Quizplus · Accepted Answer

The given option quote shows the bid-ask prices for the 47.50 call option on JL stock as $5.80 - $6.00. The seller of the option will receive the premium, which is the ask price of $6.00 per underlying share. Therefore, the best choice is option C.

Use These Option Quotes to Answer This Question