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  3. the price of a stock is $76. a trader buys 1 call

The price of a stock is $76. A trader buys 1 call option contract on...

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Finance

The price of a stock is $76. A trader buys 1 call option contract on the stock with a strike price of $80 when the option price is $15. When does the trader make a profit?

When the stock price is below $50

The option is already making profit

When the stock price exceed $95

When the stock price exceed $101

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