3. What is the profit or loss if you sold an IPC call with a strike price of 30,000, collected a premium of 500 points and the IPC at expiration closed at 29,000? A)500 B)-500 C)1500

4. What is the profit or loss if you sold an IPC put with a strike price of 30,000, collected a premium of 300 points and the IPC at expiration closed at 29,000? A)700 B)-700 C)1000