Options Quotations Suppose the following stock options quotations for GNR, Inc., appear in today’s financial pages. What was the closing share price of the underlying stock? If you wanted to purchase the right to sell 1,500 shares of GNR stock in December at a strike price of $40 per share, how much would this cost you?
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| Option/Strike | Last | Last | ||||
| GNR | 30 | Sep | 49 | 9 7/8 | … | … |
| 39 7/8 | 35 | Sep | 228 | 5 | 69 | ¼ |
| 39 7/8 | 35 | Dec | 5 | 7 | … | … |
| 39 7/8 | 40 | Sep | 707 | 1 3/8 | 142 | 1 ½ |
| 39 7/8 | 40 | Oct | 598 | 2 7/8 | 30 | 2 7/16 |
| 39 7/8 | 40 | Dec | 47 | 3 5/8 | 25 | 3 3/8 |
| 39 7/8 | 45 | Sep | 645 | 5/16 | 33 | 5 1/8 |
| 39 7/8 | 45 | Oct | 584 | 1 | 20 | 6 |
| 39 7/8 | 50 | Dec | 43 | 1 ½ | 5 | 13 |
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