I have a question regardnig call options. For example:
108-strike AAPL options expiring Dec 24th are 83 cents. That means the cost of one contract would be 83 + 5 (commission) = 89 dollars approximately. This means to make a profit on this contract, the price would have to go up to about 108.88, yes?
Now, if the spot price is 110 at any time during the week, I can choose to exercise this contract or sell it. If I were to sell it, what would be the profit I make since I would cost too much to exercise?