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The price of a stock is $45. A trader sells 5 call option contracts on the stock with a strike price of $50 with the

The price of a stock is $45. A trader sells 5 call option contracts on the stock with a strike price of $50 with the option price $2. The options are exercised when the stock price is $51. What is the traders net profit or loss?

A. Loss of $500 B. Gain of $500 C. Loss of $1000 D. Gain of $1000 E. Gain of $200

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