Question
The price of a stock is $57 and an options trader writes 219 European call options on the stock with an exercise price of $60
The price of a stock is $57 and an options trader writes 219 European call options on the stock with an exercise price of $60 for $3.6 each. On expiration date the stock price is $66. What is the trader's overall profit?
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Money And Capital Markets
Authors: Peter Rose, Milton Marquis
10th Edition
0077235800, 9780077235802
