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As of 4:00 p.m. March 16, 2021, Microsofts (MSFT) stock was traded at $237.71; at the same time, its call option expired on April 16,
As of 4:00 p.m. March 16, 2021, Microsofts (MSFT) stock was traded at $237.71; at the same time, its call option expired on April 16, 2021 at the $230.00 strike price was traded at $18.73. Under what circumstance can investors who bought (longed) this option at 4:00 p.m. on March 16, 2021 profit from this option? Under what circumstance can investors who sold (shorted) this option at 4:00 p.m. on March 16, 2021 profit from it?
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