Vince Sold Two $45 Call Option Contracts at a Quoted

question 59

Multiple Choice

Vince sold two $45 call option contracts at a quoted price of $1.15 per share. What is the net profit on this investment if the price of the underlying asset is $48.10 on the option expiration date? Ignore trading costs and taxes.

• A) −$390
• B) −$195
• C) $0
• D) $115
• E) $230

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