You purchase 25 call option contracts with a strike price of $135 and a premium of $1.80. Assume the stock price at expiration is $142.46.
1. What is your dollar profit?
2. What if the stock price is $128.41? (Negative amount should be indicated by a minus sign. )
If the stock price is $128.41, the call is worthlessin-the-money, so the dollar return is $ .