Series 7 - General Securities Representative Exam

Training Mode

Unit 1 Unit 2 Unit 3 Unit 4

A trader just sold 10 Jan 90 calls in ABC corp for 3.00 each.Simultaneously, he bought 5 Jan 95 calls in ABC corp for 1.80 each. What is the debit or credit for the option premium?

$1100 debit

A

$2100 debit

B

$2100 credit

C

$1100 credit

D