I have 1 contract of a CALL OPTION of a XYZ stock. The strike price is $155. The purchase price is $15. The Expiration is Jan 3 2020. The current price of the stock is $161. I paid $1515 for owning them.
The scenario is that on Jan 2, the price is 156. If I sell the CALL Option on Jan 2, is my profit calculation as shown below:
Profit: $156 - $155 = $1 - $15 = ($14)
Is the profit is negative 14, so for an investment of $1515, I lost $1400 and I have only $115 if I sell the CALL OPTION?