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Builtrie stock is currently selling for 42$ a share and you are thinking of purchasing 100 shares. You are also considering purchasing one call option
Builtrie stock is currently selling for 42$ a share and you are thinking of purchasing 100 shares. You are also considering purchasing one call option contract for 100 shares with a strike price of 45$ with a May 2019 expiration date for 2.50 a share. In January 2019, Builtrite stock is trading at 44$ a share and your option price has increased to 3.75 a share. If you decide to sell your option, what is your dollar profit and ROI?
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