Suppose You Purchase One WFM May 100 Call Contract at $5

question 98

Multiple Choice

Suppose you purchase one WFM May 100 call contract at $5 and write one WFM May 105 call contract at $2. If, at expiration, the price of a share of WFM stock is $103, your profit would be

• A) $500.
• B) $300.
• C) zero.
• D) $200.