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On June 19, 2021, a company purchases a call option for $ 613.99, which gives the company the right to buy 100 shares of XYZ
On June 19, 2021, a company purchases a call option for $ 613.99, which gives the company the right to buy 100 shares of XYZ Inc. for $23.92 each until December 1, 2021. XYZ Inc. shares are currently trading for $ 23.92. At June 30, 2020, the option is trading at $832.67 and the shares at $ 26.11 each and the company recorded the gain or loss. At December 31, 2021, the options expire with no value. On July 1, the option is exercised. Calculate the gain or loss at the time of this transaction. Do not use commas in your numeric
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