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You have taken a long position in a call option on ABC Co. common stock. The option has an exercise price of 50 baht and
You have taken a long position in a call option on ABC Co. common stock. The option has an exercise price of 50 baht and the stock currently trades at 53 baht. The option premium is 5 baht per contract. What is your net profit on the option if ABC Co. stock price is trading at 52 baht at expiration of the option? (Negative amount should be indicated by a minus sign. Round your answer to the nearest whole number, e.g., 32)
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