4. ABC stock is currently trading at a market price (S) of $50. You do not own the stock, but you are short a call option on 1 share with a strike price (X) of $55. The option premium (cost/Proceeds) was $1.50. What is the profit or loss of the strategy the stock's price is $51.00 on the expiration date? * 41(5 Points ) $1.50 Profit $1.50 Loss $2.50 Profit $2.50 Loss 15. ABC stock is currently trading at a market price (S) of $50. You do not own the stock, but you are short a call option on 1 share with a strike price (X) of $55. The option premium (cost/Proceeds) was $1.50. Do you have the right to exercise the option if the stock's price rises to $56 on expiration date? * (5 Points) Yes