Expiration Strike Last Volume Open Interest Last Volume Open Interest Jan 190 4.
ID: 2730645 • Letter: E
Question
Expiration
Strike
Last
Volume
Open Interest
Last
Volume
Open Interest
Jan
190
4.40
815
5697
1.75
507
2496
Feb
190
6.75
402
2808
3.00
3553
10377
Apr
190
8.85
107
1866
5.20
527
2177
Jul
190
10.95
15
645
8.54
6
1142
Jan
195
0.01
2451
11718
0.70
4090
8862
Feb
195
3.65
1337
11902
5.00
860
3156
Apr
195
5.90
1785
2928
7.30
934
1141
Jul
195
8.45
13
5773
10.85
22
3419
a. Calculate the payoff and profit at expiration for the February 190 calls, if you purchase the option at the stated price and at expiration the stock price is $195.
b. Calculate the payoff and profit at expiration for the February 195 puts, if you purchase the option at the stated price and at expiration the stock price is $195.
Expiration
Strike
Last
Volume
Open Interest
Last
Volume
Open Interest
Jan
190
4.40
815
5697
1.75
507
2496
Feb
190
6.75
402
2808
3.00
3553
10377
Apr
190
8.85
107
1866
5.20
527
2177
Jul
190
10.95
15
645
8.54
6
1142
Jan
195
0.01
2451
11718
0.70
4090
8862
Feb
195
3.65
1337
11902
5.00
860
3156
Apr
195
5.90
1785
2928
7.30
934
1141
Jul
195
8.45
13
5773
10.85
22
3419
Explanation / Answer
Answer:a Payoff=195-190=5
Profit=6.75-5=1.75
Answer:b Payoff=195-195=0
Profit/loss=3-0=3 Put not erercised
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