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You purchased six UNH call options contracts (note that a contract is for 100 options) with a strike price of $38.40 at a cost of
You purchased six UNH call options contracts (note that a contract is for 100 options) with a strike price of $38.40 at a cost of $2.35 per option. The option expires today when the value of UNH stock is $42.90. Ignoring transaction costs, what is your total profit or loss on your investment?
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