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You buy 100 shares of META for $240 per share and write a June 2023 call option with a strike of 250 on the stock.

You buy 100 shares of META for $240 per share and write a June 2023 call option with a strike of 250 on the stock. The call premium is 7. In June 2023 (at contract expiration), the stock price is $255. Assuming that you held both positions till June 2023.



What profit (or loss) did you incur?

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