Based on recent national trends and the current makeup of Congress, you estimate that the BITC...

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Based on recent national trends and the current makeup of Congress, you estimate that the "BITC" Bitcoin ETF will probably double in value over the next two weeks. Today, BITC's stock price is $100/share. You buy 2 call options on the stock. Each option: • Gives you the right to purchase one share of BITC in a two weeks, for $113 per share. • Costs $10 today. What is your Gain (Loss) on this trade if BITC's stock price is $66/share in two weeks? Assume you want to end up with cash, not shares of stock. Round to zero decimal places. If you would lose money on the trade, enter your answer as a negative number. (See instructions at the Based on recent national trends and the current makeup of Congress, you estimate that the "BITC" Bitcoin ETF will probably double in value over the next two weeks. Today, BITC's stock price is $100/share. You buy 2 call options on the stock. Each option: • Gives you the right to purchase one share of BITC in a two weeks, for $113 per share. • Costs $10 today. What is your Gain (Loss) on this trade if BITC's stock price is $66/share in two weeks? Assume you want to end up with cash, not shares of stock. Round to zero decimal places. If you would lose money on the trade, enter your answer as a negative number. (See instructions at the

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Bought 2 call options Strike price 113 premium 10 Now the pric... View the full answer