Use the Selected Option Quotations for Proctor & Gamble (P&G…
Use the Selected Option Quotations for Proctor & Gamble (P&G) when responding to this question. It is November 9 and you have purchased the January X=65 call option on P&G and written the Jan X=67.50 call option on P&G (one contract in each case). If you hold both positions to the expiration date of the options, the maximum percentage return you can hope to make on your “initial net investment” is less than 200% (ignore transactions costs).
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