Multiple Choice
You bought eight call option contracts with a strike price of $27.50 and a premium of $0.66.At expiration,the stock was selling for $26.90 a share.What is the total profit or loss on your option position if you did not exercise it prior to the expiration date?
A) -$9.24
B) -$10.20
C) $0
D) -$528
E) -$920
Correct Answer:
Verified
Correct Answer:
Verified
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