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You write 10 Microsoft call options contracts with a strike price of $100 at a quoted price of $3, (i.e. Each contract cost $300). At
You write 10 Microsoft call options contracts with a strike price of $100 at a quoted price of $3, (i.e. Each contract cost $300). At expiration Microsoft is selling at $105. What is your net profit (loss) on the transaction?
A) -$2,000
B) +$2,000
C) -$5,000
D) +$5,000
E) None of the above.
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