Question

Rosa purchased three call option contracts on ABC stock with a strike price of $27.50 when the option was quoted at $1.10 per share. The option expires today when the value of ABC stock is $29.30. Ignoring trading costs and taxes, what is the net profit on this investment?

A) $0

B) $210

C) $330

D) $140

E) $70

Answer

This answer is hidden. It contains 72 characters.