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Author Question: Andrea wrote a three-month call on Echo stock. The option cost $200 and the strike price was $10. ... (Read 124 times)

olivia_rose

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Andrea wrote a three-month call on Echo stock. The option cost $200 and the strike price was $10. What does the market price of Echo have to be for Andrea to break-even on this investment if the option is exercised? Ignore transaction construed taxes.
◦ $10
◦ $12
◦ $8
◦ cannot be determined from the information provided


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Marked as best answer by olivia_rose on Mar 29, 2022

kuttz

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olivia_rose

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Reply 2 on: Mar 29, 2022
Thanks for the timely response, appreciate it


scikid

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Reply 3 on: Yesterday
Wow, this really help

 

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