9) 6. Exercises (2) In May, you buy one June call option on S&P 500 Index at 1000 with a premium of $5000. It is in your interest to exercise the option if the S&P index on the 3rd Friday of June is: a) Higher than 1000. b) Higher than 1050. c) Higher than 1000, but lower than 1050. 5000) For the call option in Question 5), which answer is the good one if you want to get a net gain at the maturity date of the option (i.e., on the 3rd Friday of June)? In May, you buy one September put option on S&P 500 Index at 900 with a premium of $7000. It is in your interest to exercise the option if the S&P index on the 3rd Friday of September is: a) Higher than 900. b) Higher than 970. Lower than 900. Lower than 830. 56789 4 100x100 =10000 For the put option in Question 7), which answer is the good one if you want to get a net gain at the maturity date (i.e., on the 3rd Friday of September)? For the put option in Question 7), if the S&P index is at 910 on the 3rd Friday of September), then your net loss will be: $7000. b) $8000. 10x100-1000 2021