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You shorted 3 call option contracts on XYZ stock with a strike price of $ 4 0 and an option premium of $ 1 .

You shorted 3 call option contracts on XYZ stock with a strike price of $40 and an option premium of $1.38.
What is your net profit on this investment if the price of XYZ is $38.39 on the option expiration date? (Round answer to 2 decimal places. Do not round intermediate calculations). ANWSER IS $414, HOW DO I GET THERE?

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