A call option with a strike price of $60 costs $6. A put option with the same strike price and expiration date costs $4. The current stock price is $60. An investor purchased 100 call options and sold 300 put options.

(a) Construct a table that shows the profit and loss from the strategy, depending on the stock price on the day of the options expiration.

(b) Draw a diagram showing the variation of an investors profit and loss with the stock price at the options expiration.

(c) For what range of stock prices would the strategy lead to a loss? What is the maximum gain possible? What is the maximum loss possible?