You purchase 25 call option contracts with a strike price of $135 and a premium

Question

You purchase 25 call option contracts with a strike price of $135 and a premium of $1.80. Assume the stock price at expiration is $142.46.

What is your dollar profit? (Do not round intermediate calculations. Omit the "$" sign in your response.)

What if the stock price is $128.41? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Omit the "$" sign in your response.)

You purchase 25 call option contracts with a strike price of $135 and a premium of $1.80. Assume the stock price at expiration is $142.46.

Explanation / Answer

Answer:

1. Call option dollar profit = (Stock Price

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