You purchase 5 call option contracts with a price of $3.26 and a strike price of $45. At expiration, the stock price is $51.24. What is your profit?
A) $3,120
B) $1,630
C) $1,080
D) $1,490
E) $2,460

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The Answer of You purchase 5 call option contracts with a price of $3.26 and a strike price of $45. At expiration, the stock price is $51.24. What is your profit?
A) $3,120
B) $1,630
C) $1,080
D) $1,490
E) $2,460

You Purchase 5 Call Option Contracts with a Price of $3.26