Reference no: EM131832413
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:
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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?