16) If the price falls to 290, the profit/loss for the buyer of one call option will be:

$1,540 loss

$1,500 loss

$1,500 profit

$960 profit

17) If the price falls to 290, the profit/loss for the writer of one put option will be:

$800 profit

$800 loss

$200 profit

$200 loss

18) For the writer of one call option, maximum profit and maximum loss are ________ and ________, respectively.

unlimited, $1,500

$1500, unlimited

$1,500, $2,600

$1,500, unlimited

Given the following table, answer questions 16 to 21: Company Market Price Strike of Stock Price Expiration Date Call Option Premium Put Option Premium Costco Wholesale 305.40 300.00 Sep. 22, 2020 15.00 8.00