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Brrunno [24]
2 years ago
14

You purchased two WXO 30 call option contracts at a quoted price of $.35. What is your net gain or loss on this investment if th

e price of WXO is $33.70 on the option expiration date
Business
1 answer:
tekilochka [14]2 years ago
3 0

Answer: $670

Explanation:

Since the quoted price of $.35, the cost to purchase two WXO 30 call option will be: = $0.35 × 2 = $0.70

Then, the price of RADM 30 call option contract will be calculated as;

= $33.7 - $30

= $3.70

The net gain on one RADM 30 call option will then be:

= $3.70 - $0.35

= $3.35.

Therefore, the net gain on 2 RADM30 call options will be:

= $3.35 × 2

= $6.70

Since there are 100 shares in a option contract, the gain will be:

= $6.70 × 100

= $670

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