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you buy a call option on 100 shares of stock. The call has a premium (per share) of 4$ and a strike/exercise price of 59$.
you buy a call option on 100 shares of stock. The call has a premium (per share) of 4$ and a strike/exercise price of 59$. The stock currently has a price of 59$ per share. On the day the option expires, the stock is selling for 66$. What ends up being your net payoff on this position?
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