On April 1, 2023, Pina Corp. purchases a call option for $620, which gives Pina the right to buy 1240 shares of Novak Inc. for $29 each until December 1, 2023. Novak Inc. shares are currently trading for $29. At June 30,2023 , the options are trading at $5952 and the shares at $31 each. At December 1, 2023, the options expire with no value. At December 1, 2023. Pina's entry would be No entry required