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Reference the options chain for Caterpillar, Inc. (ticker: CAT) shown below. You sold one contract of the $115 strike call. What is your max profit?

Reference the options chain for Caterpillar, Inc. (ticker: CAT) shown below. You sold one contract of the $115 strike call. What is your max profit? State your answer in total dollar terms (i.e., total out-of-pocket cost not factoring transaction costs), not contract-level terms. Your answer should be a dollar amount with two decimal places of accuracy.

(Note on viewing table below: You may have to use a horizontal scrollbar to see all of the columns in the table below.)

CAT Option Chain

Month: Nov 2020

Calls

Puts

Last

Change

Bid

Ask

Volume

Open Int.

Strike

Last

Change

Bid

Ask

Volume

Open Int.

12.40

--

14.80

15.45

--

32

100.00

10.70

-0.27

10.55

10.90

12

426

11.75

--

12.05

12.65

--

154

105.00

13.00

-0.65

12.85

13.25

28

403

10.05

+0.74

9.75

10.10

10

211

110.00

15.54

--

15.50

15.95

--

308

7.70

+1.70

7.70

8.10

2

622

115.00

18.64

--

18.40

18.95

--

292

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