Question: Consider a covered call (buy the stock, write a call option against it) position in Goldman Sachs (GS). Currently GS sells for $185. Also, a
Consider a covered call (buy the stock, write a call option against it) position in Goldman Sachs (GS). Currently GS sells for $185. Also, a call option with an exercise price of $200 can be sold for $12.50. What is your profit per share at expiration from the covered call position if GS is selling for $225?
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