A ​-month call option contract on 100 shares of Home Depot common stock with a strike price of can be purchased for . Assuming that the market price of Home Depot stock rises to per share by the expiration date of the​ option, what is the call​ holder's profit? What is the holding period​ return?

Full question is "A six-month call option contract on 100 shares of Home Depot common stock with a strike price of $60 can be purchased for $600. Assuming that the market price of Home Depot stock rises to $75 per share by the expiration date of the option, what is the call holder’s profit? What is the holding period return?"

1. Call holder's profit = Value at expiration - Purchase price

Call holder's profit = [[Underlying stock price-Strike price]*Number of shares] - Purchase price

Call holder's profit = [($75-$60)*100] - $600

Call holder's profit = $900

2. Holding period​ return = Value at expiration - Purchase price / Purchase price

Holding period​ return = [[Underlying stock price-Strike price]*Number of shares] Purchase price / Purchase price

Holding period​ return = [[Underlying stock price-Strike price]*Number of shares] Purchase price  [($75-$60)*100] - $600 / $600

Holding period​ return = $900 / $600

Holding period​ return = 1.5

Holding period​ return = 150%

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