You Purchased Three Call Option Contracts with a Strike Price

question 77

Multiple Choice

You purchased three call option contracts with a strike price of $22.50 and an option premium of $0.45.You held the option until the expiration date.On the expiration date,the stock was selling for $21.70 a share.What is the total profit or loss on your option position?

• A) -$45
• B) $0
• C) -$240
• D) -$120
• E) -$135

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