You sold two call option contracts each on 100 shares with, Financial Management

You sold two call option contracts each on 100 shares with

You sold two call option contracts (each on 100 shares) with a strike price of $30 when the option was quoted at $.70. The option expires today when the value of the underlying stock is $28.80. Ignoring trading costs and taxes, what is the net profit or loss on this investment?

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Financial Management: You sold two call option contracts each on 100 shares with

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Financial Management: You sold two call option contracts each on 100 shares with

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