Question

A customer who is long 1 oex may 315 call exercises the contract on this day. the customer will receive:________

Answer 1

A customer who is long 1 OEX may 315 call exercises the contract on this day. the customer will receive $58.00. Option A

This is further explained below.

What is called exercises?

Generally,  If you possess a call option and the current stock price is greater than the strike price, it makes financial sense for you to execute your call option at this time.

You are able to make a profit by purchasing the stock at a lower price so that you can either instantly resell it to the market at a higher price or keep it for the long term.

In conclusion, On this day, a client who is long 1 OEX and has a 315 call option on the contract may execute it. The total amount that the client will get is $58.00. Alternative A

Read more about call exercises

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