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You purchased 1 call option on Apollo stock with strike price X=$100 and sold 2 call options on Apollo stock with strike price X=$110. The
You purchased 1 call option on Apollo stock with strike price X=$100 and sold 2 call options on Apollo stock with strike price X=$110. The premium on the X=$100 options was $5 each and the premium on $X=110 options was $3 each. If the stock price at maturity of the options is $115 what will be your profit? (Assume that the options are for 1 share of the underlying)
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