Calculate the value of a short call if the strike price is $10.00, the premium is $1.50 and the spot price is $8.00.

To calculate the value of a short call option, you need to consider the strike price, the premium, and the spot price.

Step 1: Compare the strike price and the spot price. If the spot price is higher than the strike price, the option will be exercised. In this case, the spot price ($8.00) is lower than the strike price ($10.00), so the option will not be exercised.

Step 2: If the option is not exercised, the value of the short call is equal to the premium received when the option was sold. In this case, the premium is $1.50.

Therefore, the value of the short call is $1.50.