How much would the trader gain on the strategy, Financial Accounting

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How much would the trader gain on the strategy

Problem

Assume that a trader writes five Sept calls with a strike price of 3900 and a premium of 120. How much would the trader gain (lose) on this strategy if the ASX200 index at the expiry of the options is 4200? The value of one index point is $25.

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Financial Accounting: How much would the trader gain on the strategy

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