3) JPM is currently trading at $110 and you are concerned that market conditions might change materially in the upcoming few months. You check the options market data and find the following about options premiums for expiration in exactly one half year from now. Strike Call Put 105 $6.00 $0.50 110 $3.00 $1.00 $2.75 $5.75 115 a. Assume you sell a 115 Call. What is the value of your total position value at expiration if at expiration, the JPM price is 110? b. Assume you buy a 105 Put. What is the value of your total position value at expiration if at expiration, the JPM price is $90