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The strike
price is $70, and the premium is $2.90. If, at expiration, the stock is selling for $73 per
share, what are your call options worth? What is your net profit?
المعطيات
you purchase 12 ); الحظ هذا الرقم مكتوب بالكلمات في السؤال
Strike price 70
premium 2.9
selling for (exp.) 73
currently priced at 50
call option strike 50
days to maturity 90
quoted at 1.95
investment in stock 97500
ANSWER
Options % gain/loss Stock % gain/loss
40 100 Loss 20 Loss
50 100 Loss 0 None
60 412.82 Gain 20 Gain
Strike Calls Puts
Expira
Close Price Vol. Last Vol. Last
tion
Hendre
eks
103 100 Feb 72 5.2 50 2.4
103 100 Mar 41 8.4 29 4.9
103 100 Apr 16 10.68 10 6.6
103 100 Jul 8 14.3 2 10.1
Suppose you buy 40 Jul 100 call option contracts. How much will you pay, ignoring commissions?
ال تنسين تغير الشهر من القائمة ركزوا كويس بالمعطيات والمطلوب عشان ما تحلون السؤال بشيت غلط ألنهم متشابهينv_v
you buy 40 Jul عبوا االثنين الشهر والعدد
14.3
Strike Calls Puts
Expira
Close Price Vol. Last Vol. Last
tion
Hendreeks
103 100 Feb 72 5.2 50 2.4
103 100 Mar 41 8.4 29 4.9
103 100 Apr 16 10.68 10 6.6
103 100 Jul 8 14.3 2 10.1
Suppose you buy 50 March 100 call option contracts. Hendreeks stock is selling for $106.70 per share on the
expiration date. How much is your options investment worth? What if the stock price is $102.60 on the
expiration date?
Suppose you buy 60 March 100 put option contracts. What is your maximum gain?
On the expiration date, Hendreeks is selling for $85.50 per share. How much is your
options investment worth? What is your net gain?
اكتب المعطيات في المربعات المظللة باالخضر وغير الشهر من القائمة )6-15( الفرق بينه وبين اللي قبله
you write 30 Mar you write (sell) put option
selling for (on exp.) 98 110 فيه سعرين$_$
a. Suppose you write 80 of the Feb 100 put contracts. What is your net gain or loss if
Hendreeks is selling for $98.00 at expiration? For $112?
$1 at expiration net gain 8700
$2 at expiration net gain 14700
b. What is the break-even price, that is, the terminal stock price that results
in a zero profit?
Break-even price 95.10
الفرق بينه وبين اللي قبله
ite (sell) put option 14700
A call option is currently selling for $3.40. It has a strike price of $60 and seven
months to maturity. What is the price of a put option with a $60 strike price and
seven months to maturity? The current stock price is $61, and the risk-free
interest rate is 6 percent.
Call sells for 7.5 مشابه لألسئلة اللي بعده لكن هذا ما فيه ديفيدندز
strike price 70 ) ان مافيه12-15( يفرق عنdividends
months to maturity 4 مكتوب ككلمة
Put sells for 5.75
risk-free rate 6.10%
strike price 25
sells for 4.30 هذا السؤال شبه األسئلة اللي بعده تقريبا بكل شي ما عدا إنه هذا ما فيه ديفيدندز:مالحظة
expires in 3 months هنا طالبprice of a call option
stock price 28
interest rate 4.10%
div 2.24
Price of a put option 4.62
A call option is currently selling for $6.50. It has a strike price of $75 and seven months to
maturity. A put option with the same strike price sells for $7.90. The risk-free rate is 4.4 percent
and the stock will pay a dividend of $3.10 in three months. What is the current stock price?
div 3.07
Current stock price 74.81
A put option is currently selling for $7.50. It has a strike price of $85 and seven months to
maturity. The current stock price is $88. The risk-free rate is 6.0 percent and the stock will pay a
$2.90 dividend in two months. What is the price of a call option with the same strike price?
div 2.87
Price of a call option 10.47
Suppose you write 36 call option contracts with a $80 strike. The
premium is $4.33. Evaluate your potential gains and losses at option
expiration for stock prices of $70, $80, and $90.
المعطيات
you write 10 call option contrcats
with a 40 strike
premium 2.56 )15-15( الفرق بينه وبين اللي بعده
ANSWER ان هذاcall option
At stock price of 30 gain is 2560
At stock price of 40 gain is 2560
At stock price of 50 loss is 7440
2560
Suppose you write 40 put option contracts with a $40 strike. The 9600
premium is $2.40. Evaluate your potential gains and losses at option
expiration for stock prices of $30, $40, and $50.
المعطيات
you write 40 put option contrcats
with a 40 strike
premium 2.4 )14-15( الفرق بينه وبين اللي قبله
ANSWER ان هذاput option
At stock price of 30 loss is 30400
At stock price of 40 gain is 9600
At stock price of 50 gain is 9600
16. Index Options (LO2, CFA1) Suppose you buy one SPX call option
contract with a strike of 2200. At maturity, the S&P 500
Index is at 2218. What is your net gain or loss if the premium you paid was
$14?
المعطيات
Strike of 1300
Index is at 1328
Premium 22
ANSWER
Gain 600
You write a put with a strike price of $75 on stock that you have shorted at $75 (this is a “covered
put”). What are the expiration date profits to this position for stock prices of $65, $70, $75, $80, and
$85 if the put premium is $2.80?
المعطيات
Strike price 65
باقي المعطيات ما نحتاجها
call premium 4.2
ANSWER )17-15( الفرق بينه وبين اللي قبله
Stock price Short profit Call payoff Call profit Net profit هنا قال: you buy a call
55 10 0 -4.20 5.80
60 5 0 -4.20 0.80
65 0 0 -4.20 -4.20
70 -5 5 0.80 -4.20
75 -10 10 5.80 -4.20
You simultaneously write a covered put and buy a protective call, both with strike
prices of $55, on stock that you have shorted at $55. What are the expiration date
payoffs to this position for stock prices of $45, $50, $55, $60, and $65?
المعطيات
Strike Prices 50 بس اكتب السترايك برايس
ANSWER
Stock price Put payoff Call payoff Total payoff
40 -10 0 -10
45 -5 0 -5
50 0 0 0
55 0 5 5
60 0 10 10
You buy a straddle, which means you purchase a put and a call with the same strike price.
The put price is $2.30 and the call price is $4.10. Assume the strike price is $60.
بس اكتب السترايك برايس ) إنه هذا كول أوبشن23-15( الفرق بينه وبين اللي قبله
Strike 2060 ) إنه هذا يشتري كول أوبشن لكن بييع بوت أوبشن25-15( يفرق عن اللي بعده كمان
Index level Long call payoff Short put payoff Total payoff )25-15( ) واللي بعده23-15( يفرق عن اللي قبله
2000 0 -60 -60 هذا السؤال: buy call, write put
2050 0 -10 -10
ANSWER
2100 40 0 40
2150 90 0 90
2200 140 0 140
الفرق بينه وبين اللي قبله ()23-15
Alaa
يفرق عن اللي بعده كمان ( )25-15إنه
Strike "BUY" 1&2 2005 2365 ) إنه هذا يشتري كول أوبشن ويبيع كول أوبشن24-15( اللي قبله
Strike "WRITE" 2115 الحظ هذا السؤال الكول أوبشن له اثنينst
ANSWER
Index level Long call payoff Long call payoff Short call (2) Total payoff
STRIKE1 STRIKE2 payoff
1900 0 0 0 0 ) بانه24-15( يفرق عن اللي قبله:
1950 0 0 0 0 هذا السؤال: buy call, write call
2000 0 0 0 0 انه له سعرين22-15 فرقه عنstrike
2050 45 0 0 45
2100 95 0 0 95
2150 145 0 -70 75
2200 195 0 -170 25
يفرق عن اللي قبله ( )24-15إنه هذا يشتري
strikeالحظ هذا السؤال الكول أوبشن