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aksik [14]
2 years ago
13

You purchased five call option contracts with a strike price of $22.50 and an option premium of $.48. You held the option until

the expiration date. On the expiration date, the stock was selling for $21.70 a share. What is the total profit or loss on your option position? Group of answer choices −$45 −$120 −$135 $0 −$240
Business
1 answer:
Wittaler [7]2 years ago
7 0

Answer:

You lose your premium <em>$</em><em>240</em> down the drain.

Explanation:

-$240

Total Loss= 5*(100 x -$0.48)= -$240

Good luck mate! Options are very risky.

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