ESS is currently trading at $350/share. You bought 200 shares of ESS and sold 2 CALL-option  contracts on ESS with a strike price of $380 for $15 each:

a. What will be your total $ and % gain/loss if ESS price is $365 at the expiration date?

 
b. What will be your total $ and % gain/loss if ESS price is $400 at the expiration date? 

c. What will be your total $ and % gain/loss if ESS price is $320 at the expiration date?

Answer rating: 100% (QA)

To calculate your total dollar and percentage gainloss in each scenario we need to consider the diff... View the full answer