Bill Owns 200 Shares of EG Stock

Multiple Choice

Bill owns 200 shares of EG stock. In November, the market price of EG was $15.45. Bill sold two calls expiring in March with a $16 strike price on EG for $246. From November to March, EG stock price stayed at $15.45. EG paid a quarterly dividend of $0.40 per share on January 31. Over the November-March period, Bill earned

A) $80.
B) $(176) .
C) $326.
D) $256.