There is a call option on Microsoft which is currently trading at 112.33 a share.
The details of the call option are as follows: [Yahoo Finance]
Strike Last Price Bid Ask Volume 96 12.2 12.5 12.6 1
Since this is an American Option, cant I just buy this right now and exercise it and make an easy profit?
Profit => [(112.33 - 96)x 100] - [12.6 x 100] => $373
Is there anything I am missing?