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2. On February 4, 2020, a European call option on Apple (AAPL) has a price of $30. The option expires on February 21 (the third
2. On February 4, 2020, a European call option on Apple (AAPL) has a price of $30. The option expires on February 21 (the third Friday of February), and the strike price is $300. The price of Apple stock on February 4 is $320 per share. Analyze this situation in the manner of the Example on page 3 of the text, considering two possible scenarios: (1) The price of Apple on February 21 is $360; (2) The price of Apple on February 21 is $280. In each case compute the profit (or loss) incurred as a percentage of the investment if one were to invest $3000 in (a) the call option on 100 shares of Apple, or (b) Apple stock
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