Multiple Choice
Three weeks ago,you purchased a June $30 put option on Leeper Metals stock at an option price of $1.80.The market price of the stock three weeks ago was $30.60.Today,the stock is selling at $27.50 a share.What is the intrinsic value of your put contract?
A) -$100
B) -$20
C) $0
D) $250
E) $360
Correct Answer:
Verified
Correct Answer:
Verified
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