Question: 1 contract =100 shares Question 36 2 points Save Answer You are long 2 contracts of 1-yr call on MSFT with strike (K) of $220,

 1 contract =100 shares Question 36 2 points Save Answer You

1 contract =100 shares

Question 36 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. What will be your payoff if MSFT price at expiry (S_T) is $100

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