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1.You purchase one IBM July 120 call contract for a premium of $5. You hold the option until the expiration date when IBM stock is

1.You purchase one IBM July 120 call contract for a premium of $5. You hold the option until the expiration date when IBM stock is at $123 per share on the market. How much profit or loss you will realize on the investment?

2. You write one IBM July 120 call contract for a premium of $10. You hold the option until the expiration date when IBM stock is at $115 per share. How much profit or loss you will realize on the investment?

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