1. You buy a call option on a stock for a premium of $1.00. The exercise price is $31.50. What is the options profit or loss if just prior to expiration the stock price is $30.50?

	a.	$0.50
	b.	$1.00
	c.	($1.00)
	d.	$0
	e.	($0.50)

2. You write a call option on a stock for a premium of $5. The exercise price is $11. What is the options profit or loss if just prior to expiration the stock price is $6?

	a.	$5
	b.	$6
	c.	$11
	d.	$0
	e.	($6)