• 2022-06-09
    An investor has exchange-traded put options to sell 100 shares for $20. There is a $1 cash dividend. Which of the following is then the position of the investor?
    A: The investor has put options to sell 100 shares for $20
    B: The investor has put options to sell 100 shares for $19
    C: The investor has put options to sell 105 shares for $19
    D: The investor has put options to sell 105 shares for $19.05