$372 ignoring trading costs and taxes,is total profit/loss on your investment.
The holder of a call option has the choice, but not the duty, to purchase a stock.
If the stock price exceeds the strike price, the option holder will buy the stock. Otherwise, the choice will expire. If he lapses the option, the premium paid will represent the loss on this transaction.
The difference between the strike price and stock price, less the premium paid, will determine the option holder's profit or loss if they decide to purchase the stock. This gain will never end.
In this case, the strike price exceeds the stock price. The option will then expire for the option holder.
Loss is calculated as Premium paid/Number of Contracts/100.
Loss = - $0.62 * 6 *100
Loss = -$372
Consequently, the loss is $372.
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