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Assume that you purchased shares at a price of $65 per share. At this time you wrote a call option with a $65 strike and

Assume that you purchased shares at a price of $65 per share. At this time you wrote a call option with a $65 strike and received a call premium of $5. The share currently trades at $85. What is the profit/loss on this option?

1.$5;.profit

2 $15;loss

3. $20; profit

4.Cannot be determined from the information given.

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