George owns an option which gives him the right to purchase, Financial Management

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George owns an option which gives him the right to purchase

George owns an option which gives him the right to purchase shares of WAN stock at a price of $22 a share. Currently, WAN stock is selling for $25. He would like to profit on this option but is not permitted to exercise it for another two weeks. He believes the stock will decline in value before the two weeks is up. What should he do?

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Financial Management: George owns an option which gives him the right to purchase

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Financial Management: George owns an option which gives him the right to purchase

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