You sold three $35 call option contracts at a quoted price of $1.40.What is your net profit or loss on this investment if the price of the underlying asset is $38.10 on the option expiration date?

Name: You sold three $35 call option contracts at a quoted price of $1.40.What is your net profit or loss on this investment if the price of the underlying asset is $38.10 on the option expiration date?
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Question

Quizplus · Accepted Answer

Total loss = ($1.40 + $35 - $38.10) × 100 × 3 = -$510

You Sold Three $35 Call Option Contracts at a Quoted