CALL:
PUT:
Expiration
Strike
Bid
Ask
Open
Bid
Ask
Open Interest
Interest
Sep 2014
1400
65.30
69.30
16,960
31.40
35.40
52,255
Sep 2014
1425
48.60
52.60
21,527
39.60
41.50
17,580
Sep 2014
1435
33.90
37.90
16,280
49.70
52.00
69,252
Current S&R stock price= 1,425. The current annual interest rate =5%
What is the notional value of the Sept 1435 call open interest?
Hint: 1 contract = 100 shares)
1. 23,361,800
2. 2,336,180
3. 2,319,900
4. 16,280