Ten Wide, Bought for a Buck

On a railroad stock you buy the 60 60 -strike call for $2.00 \$2.00 and sell the 70 70 -strike call for $1.00 \$1.00 — same expiry, same number of shares. What is the maximum profit per share you can realize at expiration, and where must the stock finish to achieve it?

Answer

The worked solution is free with any TraderPrep account.