The price of a stock is $53. A trader sells 4 call option contracts on...
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Accounting
The price of a stock is $53. A trader sells 4 call option contracts on the stock with a strike price of $57 with the option price $2. The options are exercised when the stock price is $60. What is the traders net profit or loss?
Group of answer choices
A. Gain of $200
B. Loss of $200
C. Loss of $500
D. Gain of $400
E. Loss of $400
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