Question: Explain how to solve 1 point Siley Mirus buys 5 call option contracts, where the contract size is 1 0 0 IBM stocks, with a

Explain how to solve
1 point
Siley Mirus buys 5 call option contracts, where the contract size is 100 IBM stocks, with a strike price of $300 at a quoted price of $6.00. At option expiration, these stock sell for $360. What is the net profit on the transaction?
$27,000 Loss
$27,000 Gain
$5,400 Gain
$270 Gain
Explain how to solve 1 point Siley Mirus buys 5 call

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