John wants to invest some of his graduation money into options trading. If he places a $45 call for 10/16 with a premium of $1.35, what will be Johns total if the stock gets up to:

1) $47

2) $48

3) $55

Show all of your steps of gownyou obtained your answer.

x TAP - $37.72 Buy TAP $45 Call 10/16 Buying Power: $1,507.74 Contracts 6 x100 shares Limit Price $1.35 Bid $1.25 Ask $1.45 V Max Cost $810.00 $45 Call $1.35 +12.50% Today Break even to break even % $46.35 +23.01%