### Comment:
His options call would expire worthless. Losses the initial 7xx$ he put in when he bought the 4

### REPLY:
So who buys the contract/options from him though? Why would anyone buy the contract outright? Wouldn't they just purchase the 100 shares on their own? Sorry, I'm autistic.  
  
 I just don't get the $768 that OP paid going into the pot, but he gains $3250 on the back-end of it.

### END.