You own a put option for jan 18 2019 2019 on 3m stock, Ask an Expert

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You own a put option for Jan. 18 2019 2019 on 3M stock. Currently the price to buy the option is $23. The strike price of the option is $220. The current market value of 3M stock is $205. You bought 1 put option contract for $35. You own 100 shares of 3M stock that you paid $120 for per share.

On January 18, 2019 the price of 3M stock is $235. You sell the 100 shares you own. Factoring in the option what is your profit or loss from selling the 100 shares?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93052611

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