A client purchased 500 shares of JSSP common stock at $28 a share in July of 202X. The following June, the client wrote 2 October 35 calls at 5 each against the stock position. If the market price of JSSP was $39 at expiration, what was the client's realized gain

Traders have a gain or loss handiest upon the sale of an asset. In this case, the handiest shares concerned are the two hundred shares masking the two quick name options. The investor paid $5,600 ($28 times 200 shares). With the inventory promoting at 39 on the expiration date of those calls, they may be exercised because they're 4 points in the money.

This means the investor will receive $7,000 ($35 times 2 hundred). The investor adds to that the $1,000 top rate ($500 instances 2) whilst the calls have been written. the overall credit to the account is $8,000. that is $2,400 more than the $5,600 the investor paid for those 2 hundred stocks.

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