You purchased eight LJK call option contracts with a strike price of $42.50 when the option was quoted at $.65. The option expires today when the value of LJK stock is $43.16. Ignoring trading costs and taxes, what is the total profit or loss on your investment?
A) $.33
B) $2.40
C) $8.00
D) $12.50
E) $14.00

Question

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The Answer of You purchased eight LJK call option contracts with a strike price of $42.50 when the option was quoted at $.65. The option expires today when the value of LJK stock is $43.16. Ignoring trading costs and taxes, what is the total profit or loss on your investment?
A) $.33
B) $2.40
C) $8.00
D) $12.50
E) $14.00

You Purchased Eight LJK Call Option Contracts with a Strike