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Duke sees that WIN stock is trading at $90 per share. Duke writes (sells) a naked call on WIN with a strike price of $92.00.
Duke sees that WIN stock is trading at $90 per share. Duke writes (sells) a naked call on WIN with a strike price of $92.00. Duke collects a premium of $0.85 on the transaction. WIN's stock price goes up to $110 per share by the expiration date of the option. Calculate Duke's total gains/losses from this transaction. Duke gains $2,000.00 on the transaction Duke gains $2,085.00 on the transaction Duke loses $2,000.00 on the transaction Duke loses $1,715.00 on the transaction
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