Question: Suppose you purchase one Texas Instruments August 75 call contract quoted at $8.50 and write one Texas Instruments August 80 call contract quoted at S6.

 Suppose you purchase one Texas Instruments August 75 call contract quoted

Suppose you purchase one Texas Instruments August 75 call contract quoted at $8.50 and write one Texas Instruments August 80 call contract quoted at S6. If, at expiration, the price of a share of Texas Instruments stock is $79, your profit would be $150 $1,850 $600 $400 $2,150

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