In Problem 4, suppose that Hendreeks stock is selling for $105.70 per share on the expiration date. How much is your options investment worth? What if the stock price is $101.60 on the expiration date?

Data From Problem 5

Suppose you buy 50 April 100 call option contracts. How much will you pay, ignoring commissions?

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Calls Puts Strike Last Close Price Expiration Vol. Last Vol. Hendreeks 103 Feb 100 72 5.20 50 2.40 Mar 103 100 41 8.40 29 4.90 Apr 103 100 16 10.68 10 6.60 Jul 103 100 14.30 10.10