Suppose you expect Moderna's Covid-19 vaccine to be approved by the FDA in two weeks.

The consensus among scientists is that there is 80% chance that the FDA will authorize the

use of the vaccine in the US but there is 20% chance that the FDA will not approve the

vaccine. Moderna's current stock price is $157. Investors believe that if the FDA approves

the vaccine, Moderna's stock price will surge to $180, and if the FDA doesn't approve the

vaccine, the price will plunge to $135. As a speculating investor, I have decided to buy 200

call options on Moderna's stock with the strike price of $160 and expiration date of the day

after FDA's scheduled announcement. Ignoring time value of money, what is the value of the

options I have right now?