The May 17 2017 price quotation for a Boeing call option wit

The May 17, 2017, price quotation for a Boeing call option with a strike price of $64 due to expire in November is $24.30, while the stock price of Boeing is $73.30. The premium on one Boeing November 64 call contract is O $6,400 $2,430 O $6.300 O $2.330

Solution

The premium on one contract = premium per stock* number of shares in a contract = 24.30 * 100

The premium on one contract = 2,430