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Jimmy sold (wrote) five TWX call option contracts with a strike price of $42 when the option was quoted at $2.20. The option expires today

Jimmy sold (wrote) five TWX call option contracts with a strike price of $42 when the option was quoted at $2.20. The option expires today when the value of TWX stock is $38.15. Ignoring trading costs and taxes, what is the total profit or loss on his investment? The size of each contract is 100 stocks. Select one: O a. $385, loss O b. $1100, profit O c. $1100, loss O d. $385, profit

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