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the Premium for call options dec strike price 97 in the question is 0.032 . It is given in the question that it’s in annual percentage
But in the answer part they have use 32 as the premium ie 3.2×25(tick value)x50( no of contracts)
Sir I don’t understand how they have converted 0.032% premium into 3.2 ticks.
The tick size is 0.01%
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