You sold (wrote) three TXA call option contracts with a strike price of $35 when the option was quoted at $2.60. The option expires today when the value of TXA stock is $33.70. Ignoring trading costs and taxes, what is your total profit or loss on your investment?
A) $0
B) $260
C) $390
D) $780
E) $1,170
Correct Answer:
Verified
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