Suppose you buy 50 Jul 100 call option contracts. Hendreeks stock is selling for

Question

             

Suppose you buy 50 Jul 100 call option contracts. Hendreeks stock is selling for $106.3 per share on the expiration date. How much is your options investment worth? What if the stock price is $102.2 on the expiration date? (Omit the "$" sign in your response.)

      

Calls Puts Strike   Close Price    Expiration Vol. Last     Vol. Last       Hendreeks     103 100     Feb       72   5.20     50   2.40         103 100     Mar       41   8.40     29   4.90         103 100     Apr       14   10.68     10   6.60         103 100     Jul       8   14.30     2   10.10    

Explanation / Answer

Option payoff at 106.30

Gross payoff = spot price

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