You also purchased 10 contracts of RACE calls with a strike price of $60 for $3.50/share on the expiration date, RACE stock is trading st 584.90 allowing you to sell the option contracts for $4.50/share. Assume you choose to sell the contracts. What are the sales proceds of your contacta! $4,500.00 $3,500.00 You wouldn't be able to sell the contracts. $1,000.00