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A speculator sells a call option with a strike of $25 for $1.01. The stock is currently priced at $21.05 and moves to $27.49 on
A speculator sells a call option with a strike of $25 for $1.01. The stock is currently priced at $21.05 and moves to $27.49 on the expiration date. The buyer will exercise the option on the expiration date (if it is feasible to do so). What is the speculator's (i.e., the call seller's) profit or loss per share? (Do not ignore the premium collected.)
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