(10-12) A trader buys 100 European call option contracts with a strike price of $20 and a time to maturity of one year. The size per one contract is 4. The cost of each option was $2. The price of the underlying asset proves to be $18 in one year. What is the profit when exercised at expiration?

This question needs to be answered for studying purposes. It is not intended to be submitted for grading. I hope this clarifies the situation

A.Profit < 0

B.0<= profit < $400

C.$400 <= profit <$600

D.$600 <= profit < $800

E.$800 <= profit