What is maximum gain and loss in this covered call position

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An investor buys 200 shares of stock selling at $50. The stock now sells for $70 and the investor writes a 70 call for $3.50. What is the maximum gain and loss in this covered call position? Please show all work.

Reference no: EM13732260

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What is maximum gain and loss in this covered call position : An investor buys 200 shares of stock selling at $50. The stock now sells for $70 and the investor writes a 70 call for $3.50. What is the maximum gain and loss in this covered call position?

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