You Write 15 Call Option Contracts at Price of $2

question 46

Multiple Choice

You write 15 call option contracts at price of $2.64 and a strike price of $55. If the stock price at expiration is $61.12, what is your profit?

• A) -$5,220
• B) -$3,960
• C) $6,320
• D) $3,960
• E) -$9,180

---

Definitions:

Chest Tube

A medical device inserted into the pleural space to remove air, fluid, or pus from the chest cavity.

Tube Displacement

The unintentional movement or mispositioning of a medical tube from its original site, potentially causing complications or ineffective treatment.

Tension Pneumothorax

A potentially life-threatening condition where air accumulates in the pleural space under pressure, collapsing the lung and shifting mediastinal structures.

Occlusive Dressing

A type of bandage designed to create a seal or barrier around a wound to maintain moisture and speed up the healing process.