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Calls Puts Strike Price Expiration Volume Last Volume Last Close Hend reeks 103 100 February 103 100 March 103 100 April 103 100 July Tiriau 72 5.20 50 41 8.40 29 2.40 4.90 16 10.68 10 6.60 8 14.30 2 10.10 Suppose you buy 40 March 100 put option contracts. What is your maximum gain? On the expiration date, Hendreeks is selling for $84.90 per share. How much is your options investment worth? What is your net gain? Note: Do not round intermediate calculations. Maximum gain $ 60,400 Terminal value $ 196 Net gain $ 60,204 < Prev 4 of 8 Next >

Calls Puts Strike Price Expiration Volume Last Volume Last Close Hend reeks 103 100 February 103 100 March 103 100 April 103 100 July Tiriau 72 5.20 50 41 8.40 29 2.40 4.90 16 10.68 10 6.60 8 14.30 2 10.10 Suppose you buy 40 March 100 put option contracts. What is your maximum gain? On the expiration date, Hendreeks is selling for $84.90 per share. How much is your options investment worth? What is your net gain? Note: Do not round intermediate calculations. Maximum gain $ 60,400 Terminal value $ 196 Net gain $ 60,204 < Prev 4 of 8 Next >

Essentials Of Investments
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
Section: Chapter Questions
Problem 1PS
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Calls Puts Strike Price Expiration Volume Last Volume Last Close Hend reeks 103 100 February 103 100 March 103 100 April 103 100 July Tiriau 72 5.20 50 41 8.40 29 2.40 4.90 16 10.68 10 6.60 8 14.30 2 10.10 Suppose you buy 40 March 100 put option contracts. What is your maximum gain? On the expiration date, Hendreeks is selling for $84.90 per share. How much is your options investment worth? What is your net gain? Note: Do not round intermediate calculations. Maximum gain $ 60,400 Terminal value $ 196 Net gain $ 60,204 < Prev 4 of 8 Next >
Transcribed Image Text:Calls Puts Strike Price Expiration Volume Last Volume Last Close Hend reeks 103 100 February 103 100 March 103 100 April 103 100 July Tiriau 72 5.20 50 41 8.40 29 2.40 4.90 16 10.68 10 6.60 8 14.30 2 10.10 Suppose you buy 40 March 100 put option contracts. What is your maximum gain? On the expiration date, Hendreeks is selling for $84.90 per share. How much is your options investment worth? What is your net gain? Note: Do not round intermediate calculations. Maximum gain $ 60,400 Terminal value $ 196 Net gain $ 60,204 < Prev 4 of 8 Next >
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