Question

November 27, 2015 h The Money Straddle Lookup Option Strike Contract Name Fitter 8.00 9.00 9.50 10.00 10.50 11.00 JCP151127C00008000 JCP151127C00009000 0.98 JCP151127C00009500 0.74 JCP151127C00010000 JCP151127C00010500 0.28 JCP151127C00011000 1.79 1.00 0.69 044 0.26 0.15 1.89 1.10 0.78 0.48 0.29 0.18 0.00 0.00 0.00 0.00 0.03 0.01 000% 0.00% 000% 000% 1200% -5 88% 12 20 56.45% 51.95% 50.00% 45.12% 43.75% 44 34% 1.62 13 24 19 51 50 0.40 105 0.16 Strike Contract Name Fiter 7.00 8.50 9.00 9.50 JCP151127P00007000 0.06 JCP151127P00008500 0.31 JCP151127P00009000 0 JCP151127P00009500 0.65 0.03 0.18 0.29 0.47 0.08 0.21 0.33 0.50 0.00 0.00 0.00 0.00 0.00% 000% 000% 000% 24 24 67.58% 5313% 50.20% 49.22% 0.41 10 10 32 If you wanted to purchase the right to sell 3,400 shares of JCPenney stock in November 2015 at a strike price of $8.50 per share, how much would this cost you? (Do not round intermediate calculations. Round your answer to the nearest whole number) Total cost

Answer 1

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