Consider this information on Nike (ticker NKE) and options o…
Consider this information on Nike (ticker NKE) and options on NKE expiring Friday 23 February 2024. Bid price per share; $102.29 Ask price per share: $102.31 Calls Puts Last Sale Bid Ask Strike Last Sale Bid Ask $2.98 $2.93 $3.05 $100 $0.60 $0.58 $0.62 $2.30 $2.26 $2.32 $101 $0.88 $0.86 $0.89 $1.66 $1.64 $1.69 $102 $1.28 $1.22 $1.27 $1.13 $1.12 $1.17 $103 $1.90 $1.69 $1.76 $0.76 $0.73 $0.77 $104 $2.79 $2.30 $2.46 $0.49 $0.46 $0.50 $105 $3.27 $3.05 $3.15 You want to buy 100 shares. You could buy them today in the spot market but are considering an options strategy to get paid to do what you want to do. You sell a put option with a strike price of $104. By maturity next Friday the option is exercised against you. Ignoring taxes, how much better off will be relative to buying in the spot market?