Question: 1 contract = 100 shares Question 26 2 points Save Answer You are long 2 contracts of 1-yr call on MSFT with strike (K) of

1 contract = 100 shares
Question 26 2 points Save Answer You are long 2 contracts of 1-yr call on MSFT with strike (K) of $220, and also long 2 contracts of 1-yr call on MSFT with strike (K) of $120. W hat will be your payoff if MSFT price at expiry (S_T) is $300
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