Suppose you purchase one WFM May 100 call contract at $5 and write one WFM May 105 call contract at $2. What is the lowest stock price at which you can break even?

A. $101
B. $102
C. $103
D. $104
E. None of the options are correct.


C. $103

x = $100 + $5 $2; x = $103.

Business

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