You wrote six call option contracts on MNO stock with a strike price of $25 and an option price of $.15.What is your total net profit or loss on all transactions related to this investment if the price of MNO is $26.20 on the option expiration date? Ignore taxes and transaction costs.

Question

Quizplus · Accepted Answer

Net profit (loss)= ($.15 + 25 - 26.20)× 100 × 6 = -$630

You Wrote Six Call Option Contracts on MNO Stock with a Strike