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CBOE option screen (expiry MAR 2022) Apple $150 strike Call: Bid $9.10 Ask $9.30 Assume you had recently purchased 100 Apple shares for $125/share and

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CBOE option screen (expiry MAR 2022) Apple $150 strike Call: Bid $9.10 Ask $9.30 Assume you had recently purchased 100 Apple shares for $125/share and the stock has rallied since and is currently trading at around $144/share. You'd like to sell, but decide on implementing a call write strategy instead. You go ahead and sell one MAR22 150-strike Call option on the CBOE. Executing this strategy at the quote shown above, if Apple stock were to trade at $157/share at option expiry in March 2022, what would your total return on this stock+short call investment be, assuming no dividends are paid during the time you held the position? 27.44% 23.25% 32.88% 32.58% 27.28%

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