Suppose you purchase one Texas Instruments call option contract with an exercise price of $65 for a premium of $7 (per share) and write one Texas Instruments call option contract with an exercise price of $70 for a premium of $5 (per share). If, at expiration, the price of a share of Texas Instruments stock is $73, your profit would be Note one option contract gives the right to buy for sell) 100 shares of the underlying stock. 5300 550 $250 $150