1. A 1-month maturity call option on GameStop with strike price of $110 is sold by a dealer for $20. The current price stock price of GameStop is $120. (a) Suppose the stock price increases to $140, compute the income that the dealer obtains from this trade, (b) Suppose the stock price decreases to $100, compute the income that the dealer obtains from this trade. (c) Now the dealer decides to adopt a covered call strategy. Specifically, the dealer purchase a share of GameStop stock while writing the option contract. Redo parts (a) and (b). 1. A 1-month maturity call option on GameStop with strike price of $110 is sold by a dealer for $20. The current price stock price of GameStop is $120. (a) Suppose the stock price increases to $140, compute the income that the dealer obtains from this trado. (b) Suppose the stock price decreases to $100, compute the income that the dealer obtains from this trade. (e) Now the dealer decides to adopt a covered call strategy. Specifically, the dealer purchases a share of GameStop stock while writing the option contract. Redo parts (a) and (b)