Question: You sold three $35 call option contracts (each on 100 shares) at a quoted price of $1.40. What is your net profit or loss on

You sold three $35 call option contracts (each on 100 shares) at a quoted price of $1.40. What is your net profit or loss on this investment if the price of the underlying asset is $38.10 on the option expiration date?

A. -$510

B. -$90

C. $90

D.$510

E. $930

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