What is your net profit on this position

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Reference no: EM131332680

You own 1000 shares of MMM that you bought for $152. You also have written 10 call option contracts on MMM, at a premium of $1.5 and with a strike price of $159, maturing in 2 months. If at maturity of the option, the stock price is $165, what is your net profit on this position?

Reference no: EM131332680

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