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You purchase 9 call option contracts with a strike price of $65 and a premium of $1.85. Assume the stock price at expiration is $72.46.
You purchase 9 call option contracts with a strike price of $65 and a premium of $1.85. Assume the stock price at expiration is $72.46. a. What is your dollar profit? (Do not round intermediate calculations.) Dollar profit $ 6 b. What is your dollar profit if the stock price is $58.41? (A negative value should be indicated by a minus sign. Do not round intermediate calculations.) If the stock price is $58.41, the call is so the dollar profit is $ -17 5
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