1. Consider a call option with one year time remaining to expiration and the table below

(25 pts)

Time	Stock Price	Call Exercise Price	Call premium
Now	33	30	5
Later	29	30	2

Provide the result of the covered call writing strategy in the table below in the context of marking to market only.

Time	Stock Position	Call Option Position	Net or combined position
Now	Action:	Action:	Result:
6 months later	Action:	Action:	Result:
Results in $
Results in %