12.9 Index Option Exampl oe Consider a call option on the oEX index with a strike price of 560 Suppose 1 contract is exercised When the index level is 580 What is the payoff? (Ans=2000) Options, Futures, and Other Derivatives, 4th edition@ 2000 by John C. Hull Tang Yincai, C 2003, Shanghai Normal UniversityOptions, Futures, and Other Derivatives, 4th edition © 2000 by John C. Hull Tang Yincai, © 2003, Shanghai Normal University 12.9 Index Option Example • Consider a call option on the OEX index with a strike price of 560 • Suppose 1 contract is exercised when the index level is 580 • What is the payoff? (Ans=2000)