question archive You own two call option contracts on Jenieve Events stock with a strike price of $28
You own two call option contracts on Jenieve Events stock with a strike price of $28
Subject:FinancePrice: Bought3
You own two call option contracts on Jenieve Events stock with a strike price of $28. When you purchased the contracts the option price was $1.15 and the stock price was $28.20. What is the total intrinsic value of these options if Jenieve stock is currently selling for $27.80 per share?
A $40
B $80
C $0
D $-80
E $-30
