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You write ( short ) a call option on Tesla stock with an exercise price of $ 2 7 0 . The option expires after
You write short a call option on Tesla stock with an exercise price of $ The option expires
after one month. Assume the option premium is $
a What is the profit on this option if the stock price is $ at expiration?
b What is the payoff of this option if the stock price is $ at expiration?
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