BLU: Bluth Company, NYSE Closing Price = $76.00 Last Sale 8.00 1.13 1.10 Volume = 227,995 Strike Open Int. 1155 3305 | 4,110 Expiry Price Net -0.15 -0.05 pc Vol 95 204 Oct 70 Oct 75 Oct 80 You purchase the BLU Oct $70 call option for a premium of $8.00. It is now the third Friday of October, the expiration date of the option contract. Bluth's stock price has dropped to $66, and you did not exercise the option. How much did you lose (per share)? $4 $8 $6 $10

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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BLU: Bluth Company, NYSE
Closing Price = $76.00
Volume = 227,995
Оpen
Int.
1155
3305
%3D
Strike
Last
Expiry Price
70
75
80
Sale
8.00
1.13
1.10
Net
-0.15
-0.05
Vol
Oct
95
Oct
Oct
204
| 4,110
You purchase the BLU Oct $70 call option for a premium of $8.00. It is now the third
pc
Friday of October, the expiration date of the option contract. Bluth's stock price has
dropped to $66, and you did not exercise the option. How much did you lose (per
share)?
O $4
$8
$6
$10
Transcribed Image Text:BLU: Bluth Company, NYSE Closing Price = $76.00 Volume = 227,995 Оpen Int. 1155 3305 %3D Strike Last Expiry Price 70 75 80 Sale 8.00 1.13 1.10 Net -0.15 -0.05 Vol Oct 95 Oct Oct 204 | 4,110 You purchase the BLU Oct $70 call option for a premium of $8.00. It is now the third pc Friday of October, the expiration date of the option contract. Bluth's stock price has dropped to $66, and you did not exercise the option. How much did you lose (per share)? O $4 $8 $6 $10
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