| 41. | There were 35, 090 contracts sold in Telebras options with a strike price of 76 reais.
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| 42. | The most heavily traded Telebras option yesterday was a contract with a strike price of 160 reais.
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| 43. | The sales cover 22 million shares, with an average strike price of about $ 48 a share.
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| 44. | Options give the holder the right, but not the obligation, to buy shares at certain strike price.
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| 45. | They are grouped by the relationships between the strike price and expiration dates of the options involved.
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| 46. | Telebras options with strike prices of 145 reais were the most traded, with 30, 606 trading hands.
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| 47. | The options can be exercised within nine years at a strike price of $ 30.68 a share.
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| 48. | If the market price falls and stays below the strike price, then the option is worthless .)
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| 49. | Here K is the strike price of the option and S is the stock price at expiry.
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| 50. | That means the option carries a strike price lower than the existing market price, hence giving it value.
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