You purchased six put option contracts with a strike price of $30 and a premium of $0.90.At expiration,the stock was selling for $26.80 a share.What is the total net amount you received for your shares,assuming that you disposed of your shares on the expiration date?
A) $17,955
B) $17,460
C) $17,045
D) $17,815
E) $17,160

Question

Quizplus · Accepted Answer

Net total amount = 600 × ($30 - $0.90) = $17,460

You Purchased Six Put Option Contracts with a Strike Price