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Note: NIKE stock price on this day was $130. Suppose you buy a November expiration call option on 100 shares with the excise price of

Note: NIKE stock price on this day was $130. Suppose you buy a November expiration call option on 100 shares with the excise price of $135. If the stock price at option expiration is $140, will you exercise your call and what is the rate c return on your position? No; a loss of 133.08% No; a loss of 24.81% Yes; a loss of 38.42% YES; a loss of 23.08%

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