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Option Chain for Apple Inc. (AAPL) Calls Root Strike Last Net Bid Size Ask Size Vol Open Int Aug 17, 2018 AAPL 170 19.59 -0.69

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Option Chain for Apple Inc. (AAPL) Calls Root Strike Last Net Bid Size Ask Size Vol Open Int Aug 17, 2018 AAPL 170 19.59 -0.69 19.20 74 19.45 3 37 3040 Aug 17, 2018 AAPL 175 16.27 0.38 15.35 40 15.50 54 70 2882 Aug 17, 2018 AAPL 180 12.00 -0.53 11.80 40 11.90 30 56 5729 AAPL 185 8.80 -0.50 8.70 40 8.80 30 240 5961 Aug 17, 2018 Aug 17, 2018 AAPL 190 6.25 -0.50 6.15 46 6.25 40 244 7223 Aug 17, 2018 AAPL 195 4.25 -0.45 4.15 112 4.25 68 150 6920 Aug 17, 2018 AAPL 200 2.75 -0.25 2.70 8 2.73 20 304 8129 You just bought 6 call option contracts on AAPL with an expiration of August 17, 2018 (pretend that today is May 20, 2018). Your transaction price is shown in the options chain above. The current price of AAPL is $186.31. If you were to buy the $190 strike contract (in the options chain above), then what is your net profit (or loss) if, at expiration, AAPL is trading for $195 per share. (NOTE: Your profit or loss should be stated in total dollars without decimal places not dollars per contract, and it should factor all relevant cash flows other than transaction costs)

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