Question: What would be your dollar return had you purchased a single contract at the call premium when the SPY price was $464.72 and sold at

 What would be your dollar return had you purchased a single

What would be your dollar return had you purchased a single contract at the call premium when the SPY price was $464.72 and sold at the expected call premium if the underlying SPY price increased to $490 (do not round the forecasted premium)?

Use the following call option quote for the SPDR S&P 500 ETF Trust (SPY) security to answer the questions in this assignment. Last Trade Strike Last Expiration Date Contract Name Bid Ask Price Date 2021- 2022-02- 11-03 SPY220218C00485000 485.00 4.64 4.67 4.72 18 1:14PM EDT Assume the following: The current price for SPY is $464.72. The implied volatility for this option is 11.23% per annum, and The risk-free rate is 1% per annum

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