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49. An investor with no other positions buys 2 DWQ Jun 45 calls at 3 . The investor exercises the calls when the stock is

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49. An investor with no other positions buys 2 DWQ Jun 45 calls at 3 . The investor exercises the calls when the stock is trading at 471/4 and immediately sells the stock in the market. What is the investor's profit or loss? A. $75 profit B. $75 loss C. $150 profit D. $150 loss 50. An investor with no other positions sells 4 DWQ Jun 45 calls at 4 . The calls are exercised when the stock is trading at 471/4. What is the investor's profit or loss? A. $175 profit B. $175 loss C. $700 profit D. $700 loss

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