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1. Suppose you purchase one WFM May 100 call contract at $7 and write one WFM May 105 call contract at $4. (One option contract

1. Suppose you purchase one WFM May 100 call contract at $7

and write one WFM May 105 call contract at $4. (One option contract = 100 options)

If, at expiration, the price of a share of WFM stock is $104, your profit would be $ __ ?

b. Suppose you purchase one WFM May 100 call contract at $7

and write one WFM May 105 call contract at $4.

Then the stock price at which you can break even is $ __ ?

c. You buy one Loews June 60 call contract and one June 60 put contract (one option contract = 100 options)

The call premium is $2 and the put premium is $3. Your maximum loss from this position could be $ __?

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