The price of a stock is 67 a trader sells 5 call options


The price of a stock is $67. A trader sells 5 call options contracts on the stock with a stock price of $64 when the option price is $4. The options are exercised when the stock price is $65. What is the trader's net profit or loss? each contract represents 100 shares.

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Operation Management: The price of a stock is 67 a trader sells 5 call options
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