You bought twelve call option contracts with a strike price of $27.50 and a premium of $0.77. At expiration, the stock was selling for $26.90 a share. What is the total profit or loss on your option position if you did not exercise it prior to the expiration date?
A) -$9.24
B) -$10.20
C) $0
D) -$924
E) -$1,020

Question

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The Answer of You bought twelve call option contracts with a strike price of $27.50 and a premium of $0.77. At expiration, the stock was selling for $26.90 a share. What is the total profit or loss on your option position if you did not exercise it prior to the expiration date?
A) -$9.24
B) -$10.20
C) $0
D) -$924
E) -$1,020

You Bought Twelve Call Option Contracts with a Strike Price