Ashish is bullish about HLL which trades in the spot market at Rs.210. He buys 10 three-month call option contracts on HLL with a strike of 230 at a premium of Rs.1.05 per call. Three months later, HLL closes at Rs. 250. Assuming 1 contract = 100 shares, what is his profit on the position?

Answer rating: 100% (QA)

Ashish has bought 10 call option contracts with each contract representing 100 shares So h... View the full answer