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The current price of a stock is $65. A trader sells 5 call option contracts on the stock with a strike price of $70 for
The current price of a stock is $65. A trader sells 5 call option contracts on the stock with a strike price of $70 for $15 each. The options are exercised when the stock price is $72. What is the trader's total profit or loss if each contract is for 1 share of the underlying stock?
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