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Walmart's stock (WMT) is trading at $110 per share today. You believe that, in a year: - There is a 60% probability that the stock

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Walmart's stock (WMT) is trading at $110 per share today. You believe that, in a year: - There is a 60% probability that the stock will be trading at $300 or more. - There is a 20% probability that the stock will be trading at $50 or less. - There is a 20% probability that the stock will be trading between $50 and $300. You buy a call option today that: - Gives you the right to purchase a share of WMT in one year, for $125. - Costs $15 today. What is your gain (+) or loss () on this trade if WMT is trading at $240 in a year? (Assume that you want to end up with only cash (not shares of WMT)

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