This is the first time you invest in derivatives, and you decide to start with options. You buy one Dell August 75 call contract (100 underlying shares) quoted at $8.50 and write one Dell August 80 call contract (100 underlying shares) quoted at $6. If, at expiration, the price of Dell stock is $79 per share, what is your profit?

A.

$400

B.

$150

C.

$600

D.

$300

E.

$1,850