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Suppose we take a long position of the oil call options with strike = $51.17 per barrel and call premium = $1.39. If the spot
Suppose we take a long position of the oil call options with strike = $51.17 per barrel and call premium = $1.39. If the spot price of oil is $45.03, what is the gain/loss? (Please round up to 2 decimals, e.g. 2.54; Please take sign to indicate gain or loss.)
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