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You purchase 1,000 shares of Whitby Industries stock for $50.49. You write 10 call option contracts with a strike price of $65 and an option

You purchase 1,000 shares of Whitby Industries stock for $50.49. You write 10 call option contracts with a strike price of $65 and an option premium of $1.95. At expiration, the stock price is $62.51. What is your total profit or loss in dollars for the stock and option position?

Answer should be formatted as a number with 2 decimal places (e.g. 99.99).

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