What is the net profit or loss on this investment

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Reference no: EM131070892

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?

Reference no: EM131070892

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What is the net profit or loss on this investment : 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..

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