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Shares of IBM are currently trading at $152.11. IBM call options with three weeks until expiration and a strike price of 155 are available with

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Shares of IBM are currently trading at $152.11. IBM call options with three weeks until expiration and a strike price of 155 are available with a premium of $2.98. Identify the answer that best describes the impact of selling the call option today. The answer choices discuss the impact per share (values would be 100 times larger for per contract) Pay $2.98 today. If shares of IBM are above $155 at expiration, have the right to choose to purchase shares of IBM at $155. Receive $2.98 today. If shares of IBM are above 152.11 at expiration, obligated to deliver shares at 152.11. No further action if shares of IBM are below $152.11 Receive $2.98 today. If shares of IBM are below $ 155, obligation to purchase shares at the prevailing market price. Receive $2.98 today. If shares of IBM are above 155 at expiration, obligated to deliver shares at 155. No further action if shares of IBM are below $155 Receive $2.98 today. If shares of IBM are below $155, obligation to purchase shares at the strike price of $155

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