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please help me understand this

An SI Board Since July 2011

Posts	SubjectMarks	Bans	Symbol
1	0	0	XYZ

Emcee: optionbeginner	Type: Unmoderated

Introduction Market Data Compact

hello everyone
i am stock option beginner. i did a paper trade in call option. well i dont understand how far the stock can go in order to make a profit.
here is the example.

stock xyz august call 200.

I bought the call option at $21
strike price is 200
stock price when i bought is 200 at the money.

so the only thing i want to understand is how far the stock price cna go to make a profit?

after many days the call option is 28. i made a profit of 700 dollars
the stock price is $215

Now according to what i have read about options is that i will make a profit when the stock goes to 221
since i paid 21 for the call option.

well i am confused.

please help

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