Answer:
$350
Explanation:
Call option is profitable when Stock price expires above the Strike price of the option.
Strike price of call = $60
Stock price at expiration = $66
Total profit = Size*(Stock price-Strike price) - Premium paid
Total profit = 100*($66-$60) - $250
Total profit = 100*$6 - $250
Total profit = $600 - $250
Total profit = $350
Thus, the amount of profit (ignoring brokerage fees) is $350.
