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One week ago, you purchased a European call option on AAPL at a $10 premium. The option allows you to purchase one share of AAPL
One week ago, you purchased a European call option on AAPL at a $10 premium. The option allows you to purchase one share of AAPL stock for $240 at the close of this Friday. (i.e., The exercise price is $240 and the expiration day is this Friday.) If AAPL stock is trading at $235 at Friday close, what would be your overall profit/loss from the trade? (Use positive values for gains and negative values for losses.) P/L -10 Dollars If AAPL stock is trading at $250 at Friday close, what would be your overall profit/loss from the trade? (Use positive values for gains and negative values for losses.) P/L Dollars
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