What is your dollar profit and dollar return

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You purchase 27 call option contracts with a strike price of $145 and a premium of $3.65. Assume the stock price at expiration is $157.40

1. What is your dollar profit?

2. What if the stock price is $143.35? What is the dollar return?

Reference no: EM131011198

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What is your dollar profit and dollar return : You purchase 27 call option contracts with a strike price of $145 and a premium of $3.65. Assume the stock price at expiration is $157.40. What is your dollar profit?  What if the stock price is $143.35? What is the dollar return?
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