What is the total option premium you will receive if you sell 4 May $27.50 calls on Texas Instruments?Texas Instruments (TXN) CALL PUTExpStrikeBidAsk BidAskMay25.006.606.70 N/A0.01Jun25.006.506.75 N/A0.03Oct25.006.957.25 0.390.42May27.504.104.15 N/A0.01Jun27.504.054.30 0.070.10
A. $3,375
B. $2,170
C. $90
D. $850
E. $1,640
Answer: E
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