1. Suppose that an European call option on 1000 shares has the strike price 22 $/share and the premium 0.8 $/share. a) What will be the buyers payoff if the spot price at maturity is 23.1 $/share? Draw the diagram. b) What will be the sellers (writer) payoff if the spot price at maturity is 22.4 $/share? Draw the diagram. c) What will be the maximum loss for the option buyer and for the option seller? d) If the spot price at maturity is 19 $/share, the call option is ITM, ATM or OTM? e) For which value of the spot price the call option is ATM?