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You bought nine call option contracts with a strike price of $25.00 and a premium of $.50 . At expiration, the stock was selling for

You bought nine call option contracts with a strike price of

$25.00

and a premium of

$.50

. At expiration, the stock was selling for

$23.75

a share. What is the total profit or loss on your option position if you did not exercise it prior to the expiration date?\

-$9.24

\

-$10.20

\

$0

\

-$270

\

-$450
image text in transcribed
You bought nine call option contracts with a strike price of $25.00 and a premium of $.50. At expiration, the stock was selling for $23.75 a share. What is the total profit or loss on your option position if you did not exercise it prior to the expiration date? $9.24 $10.20 $0 $270 $450

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