You anticipate Apple's stock going up in the future. You have $10,000 to invest. To profit from your hunch, you can either: a.) Purchase shares, or b.) Purchase call options The current stock price is $100. The price of a call option with a strike price of $100 and expiration date 30 days from now is $2.
What is your profit from purchasing options if the stock price in 30 days is $101.75? (enter gains as positive and losses as negative)