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The following quotes were observed for options on a given stock on November 30, 2018. These are American calls. Calls Puts Strike Nov Dec Jan

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The following quotes were observed for options on a given stock on November 30, 2018. These are American calls. Calls Puts Strike Nov Dec Jan Nov Dec Jan 105 8.40 10 11.50 5.30 1.30 2.00 110 4.40 7.10 8.30 0.90 2.50 3.80 115 1.50 3.90 5.30 2.80 4.80 4.85 The stock price today is $113.25 9. What is your profit per option if you buy the December 110 call and the stock is trading at $120.00 on expiration date of this option? a. $6.75 b. $110.00 c. $O d. $2.90

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