You purchased four TJH call option contracts with a strike price of $35 when the option was quoted at $.68.The option expires today when the value of TJH stock is $36.90.Ignoring trading costs and taxes,what is your total profit or loss on your investment?
A) $510.00
B) $488.00
C) $429.70
D) $620.00
E) $489.50
Correct Answer:
Verified
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