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4. (Ch 11) At the close of Friday (Nov 13th), NIO is trading at $44. If you look at the call options that expires next

4. (Ch 11) At the close of Friday (Nov 13th), NIO is trading at $44. If you look at the call options that expires next Friday (Nov 15th) with a strike price of $45, $48, and $50, their prices are $4.8, $3.8, and $3.3. Suppose at the end of next Friday NIO price closes at $49, calculate the profit/loss for the following four positions.

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