Chapter 02 · Section 2.1

Xerox stock

Xerox common stock is trading at $64.00. What was the total premium received by a CBOE trader who wrote 3 July 70 Xerox puts at $7? N.B. CBOE stands for Chicago Board Option Exchange. Please enter the appropriate dollar amount.

a) +2100
b) -7
c) -21
d) -700

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