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18. Suppose you bought a CALL option on a share of Tesla stock (Strike Price $300, Expiration Date 11/1/2020) today for a price of $5.
18. Suppose you bought a CALL option on a share of Tesla stock (Strike Price $300, Expiration Date 11/1/2020) today for a price of $5. On the expiration date, the price of a share of Tesla is $295. Answer the following questions using the information above. [(2+3)+ 4 + 4 + 2 = 15 points) Is it in your best interest to exercise the CALL option? Why? What is your Payoff (nearest dollar)? What is your profit (nearest dollar)? arch 24%A What is your Payoff (nearest dollar)? What is your profit (nearest dollar)? This call option is money
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