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dex0388 dex0388
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2 years ago
Rex bought a put on Alpha stock with a strike price of $35 when the market price of Alpha stock was $33 a share. Alpha is currently selling at $34 a share. Which of the following statements are true given this information?

I.Rex's option is worth at least $100 today.
II.Rex's option is worthless today.
III.Rex's option has more value today than when he bought it.
IV.Rex's option has less value today than when he bought it.


▸ I and III only

▸ I and IV only

▸ II and III only

▸ II and IV only
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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shanej399shanej399
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#1
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2 years ago
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dex0388 Author
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2 years ago
Good timing, thanks!
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