How Much Option Premium Per Share Will You Receive If $\text { General Electric }$

How much option premium per share will you receive if you sell a September $34 put on General Electric stock?
$\text { General Electric }$
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text {CALL}$ $\quad$ $\quad$ $\quad$$\text {PUT}$
$\begin{array}{rrrrrr}\operatorname{Exp} & \text { Strike } & \text { Bid } & \text { Ask } & \text { Bid } & \text { Ask }\\\text { Jun } & 32.50 & .68 & .70 & .70 & .73 \\\text { Sep } & 32.50 & 1.60 & 1.62 & 1.64 & 1.68 \\\text { Jun } & 34.00 & .18 & .19 & 1.73 & 1.77 \\\text { Sep } & 34.00 & .93 & .95 & 2.52 & 2.56\end{array}$

A) $1.64
B) $1.68
C) $1.77
D) $2.52
E) $2.56

Correct Answer:

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