Slick decides to buy an out-of-the-money call option on


Slick decides to buy an out-of-the-money call option on Apple because it is cheaper. He buys 5 contracts of the April 675 at $40. Ignoring commissions and taxes, if Apple reaches $750 by April, what will Slick make on this deal?

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Finance Basics: Slick decides to buy an out-of-the-money call option on
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