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Section B (2 Mark)Ashish is bullish about HLL which trades in the spot market at...

Section B (2 Mark)

Ashish is bullish about HLL which trades in the spot market at Rs.210. He buys 10 three-month call option contracts on HLL with a strike of 230 at a premium of Rs.1.05 per call. Three months later, HLL closes at Rs. 250. Assuming 1 contract = 100 shares, his profit on the position is ___________.

A.

Rs. 18,950

B.

Rs. 19,500

C.

Rs. 10,000

D.

Rs. 20,000

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