An investor has a short call position with a maturity of 6 months and a strike price of $62. When

selling this option, he received a premium of $5. He fears that the underlying stock will appreciate

considerably and so takes a long position in the underlying stock at a price of $60 to limit his losses.

What would be the minimum and maximum profit of his position?

A. Minimum profit = -$55 and maximum profit = $7

B. Minimum profit = $55 and infinite maximum profit

C. Minimum profit = 0 and maximum profit = $7

D. Minimum profit = -$55 and maximum profit = $2