An investor writes a call option at $3 with k=100 on a stock thats he owns.The investor paid $85 for the stock.If it at expiration of the call option the stock price has risen to 110.how much is his profit ?
the answer is 18.i can understand that he sell his call to make a $3 and selling his stock when the stock price is 110 so the answer should be 28.wuts wrong with my answer ? thank you !