Assume you purchase one share of a stock and sell a call option on a single share of that same stock with an exercise price of $$32.$ What is the maximum payoff you can realize on this combination?

Multiple Choice

An amount equal to $$32$ minus the stock price on the option expiration date

An amount equal to the stock price on the option expiration date

Zero

The exercise price of $$32$

An amount equal to the stock price on the expiration date plus $$32$