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You purchased four call option contracts with a strike price of $40 and an option premium of $1.25. You closed your contract on the expiration date when the stock was selling for $42.50 a share. What is your total profit or loss on your option position?
Desert Soil
Soil found in arid regions, characterized by low organic matter, lack of moisture, and often high salinity levels.
Equatorial Africa
A region located around the equator in Africa, known for its dense tropical rainforests, diverse ecosystems, and humid climate.
Rain Forests
Dense, typically tropical forest regions receiving a high amount of rainfall annually, home to a vast diversity of plants and animals.
Hydrothermal Vent
Place where hot, mineral-rich water streams out from an underwater opening in Earth’s crust.
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