Refer to Figure 15.1 below, assuming that the stock price on the maturity date is $80. What is the profit of each October long call option with strike price $85?

	A.	-$11.20
	B.	$6.20
	C.	-$6.20
	D.	-$5.00
	E.	$11.20

FIGURE 15.1 IBM (IBM) Underlying stock price: 90.90 Options on IBM March 2, 2007 Call Put ExpirationStrikeLast Volume Open Interest Last Volume Open Interest Mar 2007 85 Apr 2007 85 l 200785 Oct 200785 rn Online Maech 3, 2007 437 020 431 7167 0.70455 16S 7.50 235 9.40 11.20 1051 1.55 21 2.10 9914 2007 90 Apr 2007 90 2.20 3875 3.78 3779 108 114 3 1605 1.35691 ul 2007953.00234 088 1.05 8315 7016 2.10 5499 1625 320 1067 1885 2795 5.50 7.70 Oct 2007 9 Mar 2007 95 Apr 2007 95 28920 4.02365 03484903502 2805 520 3334 16796 2780 788 Oct 2007 9 47061 21 5.90