单选题 A1 Steadman receives a premium of $3.80 for shorting a put option with a strike price of $64. If the stock price at expiration is $84, Steadman's profit or loss from the options position is :

A、

A. $16.20.
B、

B. $20.00.
C、

C. $3.80.

【正确答案】 C

【答案解析】The put option will not be exercised because it is out-of-the-money, Max (0, X-S). Therefore, Steadman keeps the full amount of the premium, $3.80.