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4. You write 100 IBM July 120 call options for a premium of $4 per option. You hold the option until the expiration date when

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4. You write 100 IBM July 120 call options for a premium of $4 per option. You hold the option until the expiration date when IBM stock sells for $126 per share. Determine your net profit or loss. 4. You write 100 IBM July 120 call options for a premium of $4 per option. You hold the option until the expiration date when IBM stock sells for $126 per share. Determine your net profit or loss

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