You purchased two WXO 15 call option contracts at a quoted price of $.08.What is your total profit on this investment if the price of WXO is $14.80 on the option expiration date?
A)−$20
B)−$16
C)$12
D)$16
E)$20

Question

Quizplus · Accepted Answer

The Answer of You purchased two WXO 15 call option contracts at a quoted price of $.08.What is your total profit on this investment if the price of WXO is $14.80 on the option expiration date?
A)−$20
B)−$16
C)$12
D)$16
E)$20

You Purchased Two WXO 15 Call Option Contracts at a Quoted