You purchased six TJH call option contracts with a strike price of $40 when the option was quoted at $1.30.The option expires today when the value of TJH stock is $42.90.Ignoring trading costs and taxes,what is your total profit or loss on your investment?
A) $500
B) $800
C) $960
D) $920
E) $940
Correct Answer:
Verified
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