You wrote six call option contracts on MNO stock with a strike price of $75 and an option price of $4.15. What is your total net profit or loss on all transactions related to this investment if the price of MNO is $78.20 on the option expiration date? Ignore taxes and transaction costs.

	A.	Net profit of $4,410
	B.	Net loss of $570
	C.	Net profit of $570
	D.	Net loss of $4,410

You buy one put option contract on a stock with exercise price of $55 at a put premium of $2.35. You also buy two call option contracts on the same stock with exercise price of $55 and a call premium of $3.18. Calculate the profit you make on your strategy if the stock price at the expiration of the contracts is $66 per share.

	A.	$811
	B.	$1,329
	C.	$1,166
	D.	$547

Which one of the following will cause the value of a call to decrease?

	A.	Lowering the exercise price
	B.	Lowering the risk level of the underlying security.
	C.	Increasing the risk free rate
	D.	Increasing the stock price