Question: You write one MBI July 133 call contract (equaling 100 shares) for a premium of $11. You hold the option until the expiration date, when

You write one MBI July 133 call contract (equaling 100 shares) for a premium of $11. You hold the option until the expiration date, when MBI stock sells for $138 per share. You will realize a ______ on the investment.

Multiple Choice

  • $600 profit

  • $500 loss

  • $1,600 loss

  • $500 profit

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