Suppose that you do the following:

I) purchase one WFM call contract that matures in May and has a strike price of $100 and a premium of $5, and

II) write one WFM call contract that matures in May and has a strike price of $105 and a premium of $2.

Each contract contains 100 options.

What is the maximum potential profit of your strategy if both options are exercised?

Select one:

$100

$600

$500

$200

$300