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Vince Sold Two $45 Call Option Contracts at a Quoted

Question 66

Multiple Choice
Vince sold two $45 call option contracts at a quoted price of $1.15 per share. What is the net profit on this investment if the price of the underlying asset is $48.10 on the option expiration date? Ignore trading costs and taxes.

Vince sold two $45 call option contracts at a quoted price of $1.15 per share. What is the net profit on this investment if the price of the underlying asset is $48.10 on the option expiration date? Ignore trading costs and taxes.


A) −$390
B) −$195
C) $0
D) $115
E) $230

Correct Answer:

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