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The current stock price of MECCS is $79 per share. You purchase 3 call contracts on MECCS stock at a call premium of $19.20 and
The current stock price of MECCS is $79 per share. You purchase 3 call contracts on MECCS stock at a call premium of $19.20 and exercise price of $80; you write 6 call contracts on the same MECCS stock at a call premium of $14.50 and exercise price of $100; and you buy 3 call contracts on MCCS stock at a call premium of $12.90 and exercise price of $120. All the options expire on the same date. What is your profit if, at the expiration of the options, the stock price of MECCS is $103 per share? $5,170 $6,900 $3,710 O $6,710 O $4,170
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