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You write one IBM July 139 call contract for a premium of $17. You hold the...

You write one IBM July 139 call contract for a premium of $17. You hold the option until the expiration date, when IBM stock sells for $150 per share. You will realize a ______ on the investment.

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Answer #1
You will realize a Profit of $600 on the investment.
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Since the price on expiration is $150 per share the option buyer will exercise the option as we have to deliver the stock at 139
Thus Our Profit/Loss = 100 (139 - 150 +17)                    600.00
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