Series 7 - General Securities Representative Exam

Training Mode

An investor owns 400 shares of ABC stock at an average price of $44.65. He sold 4 January 50 Calls for 2.30 each. At expiration, ABC stock was trading at $48.65. How much did the investor gain or lose from the options portion of the position?

$920 gain
A
$920 loss
B
He didn't gain or lose anything
C
$2520 gain
D