Your client purchased 300 shares of Speedy Airlines common stock at $30.49 a share in July of 2015. In June of 2016 the client writes 2 October 35 calls at 4 against the stock position. If the market of Speedy Airlines is trading at $41.74 at expiration, what is the client’s realized gain?
Round the answers to two decimal places.
John, a short seller is trying to determine his break-even point. With no other securities, John plans to short sell 100 shares of XYZ at $55.44. Next John plans to sell an XYZ October Put for $800. John will break-even when the price of the stock is at:
Sarah instructs his broker to buy a March 40 call option on Super Brand at 4. If the stock of Super Brand is trading at $59.42 at expiration, what is Sarah’s realized gain?
Paul instructs his broker to buy an uncovered October 55 call option on Best Eastern at 5. If the stock of Best Eastern is trading at $24.50 at expiration, what is Paul’s realized gain or loss? Gain should be entered as a positive value. Loss should be entered as a negative value.
John purchased 300 shares of Big Trouble common stock at $26.25 a share in July of 2015. In June of 2016 John buys 3 October 35 puts at 2. If the market of Big Trouble is trading at $30.48 at expiration, what is John’s realized gain?