Checkpoint: contracts and money, on a new day

Price contracts from a quote, follow an assignment, price a put from its call, and settle an index option in cash, all on a day you haven't seen.

What it costs

Assigned

Price the put

Cash settlement

A quote is per share; a contract is 100 shares

On Wed Oct 2 the ALFA Nov 15 95 put is quoted $1.40 bid, $1.55 ask. What do 4 contracts cost at the ask?

Predict first

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Interactive steps are optional practice. Continue whenever you are ready; moving on does not mark this lesson as studied.