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Call option

You purchase a call option and the premium to buy the option is $2 on a stock trading for $50 per share. The strike price of the call option is $55. How much is your call option worth if the stock jumps to $70 per share before the option expires? Remember each option...

Call option

You purchase a call option and the premium to buy the option is $2 on a stock trading for $50 per share. The strike price of the call option is $55. How much is your call option worth if the stock jumps to $70 per share before the option expires? Remember each option...
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