Homework Help: Finance - Options

Posted by DiceyKid10 on Thursday, April 22, 2010 at 6:55am.

MRK is selling at 27.03. If I buy a 27.5 call and it's data consists of

Last 1.85
Change- down .05
Bid 1.75
Ask 1.85
Volume 231
Open Int 9815

Then why would I only make .35 if MRK is selling at 29?

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