Question: You write one IBM July 133 call contract for a premium of $11. You hold the option until the expiration date, when IBM stock sells

You write one IBM July 133 call contract for a premium of $11. You hold the option until the expiration date, when IBM stock sells for $138 per share. You will realize a ______ on the investment.

$600 profit

$500 loss

$500 profit

$1,600 loss

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