What will be the total net profitloss dollar amount if you, Financial Management

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What will be the total net profitloss dollar amount if you

Assume Intel’s common stock (NASDAQ: INTC) is currently at $25.00 per share. The March call option with a strike price of $25 is trading at $2.20. Suppose you buy 10 contracts of the “Mar 25 call” options at $2.20. At the close of trading on the expiration day, the stock’s is 40% higher than what you paid. What will be the total net profit/loss dollar amount if you hold the 10 contracts to expiration?

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