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Apple currently trades at $596. You bought a call option on Apple stock with a strike price of $591 for $3.5 three months ago, which
Apple currently trades at $596. You bought a call option on Apple stock with a strike price of $591 for $3.5 three months ago, which expires today.
Part 1
What is the payoff?
Part 2
What is your total profit from buying one (single) option?
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