4. Speculating with stock options Suppose the following graph represents the stock price of Bluebell Enterprises throughout the four quarters in 2019. and sell the shares at their highest value prior to Quarter 2 , your profit will be (?) Now suppose you purchased American-style call options (at the beginning of Quarter 1) for $5 per share with an exercise price $50 that expires the end of March. Given the stock price, you exercise the call option because it is . If you use your call option to purchase 3,500 shares, your profit will be - (Hint: If you exercise the call option, assume you immediately resell the shares at the highest price in Quarter 1.) 4. Speculating with stock options Suppose the following graph represents the stock price of Bluebell Enterprises throughout the four quarters in 2019. and sell the shares at their highest value prior to Quarter 2 , your profit will be (?) Now suppose you purchased American-style call options (at the beginning of Quarter 1) for $5 per share with an exercise price $50 that expires the end of March. Given the stock price, you exercise the call option because it is . If you use your call option to purchase 3,500 shares, your profit will be - (Hint: If you exercise the call option, assume you immediately resell the shares at the highest price in Quarter 1.)