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An investor is considering buying a call option for stock ABC with the following parameters: Exercise price of the call option is $170, initial stock

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An investor is considering buying a call option for stock ABC with the following parameters: Exercise price of the call option is $170, initial stock price $165, call option price $8. A. Construct payoff and profit function and state the range of stock prices for which the call option will be in the money, and the range of stock prices for which the call option will be out of the money... B. Construct a payoff table for the covered call position. Show the payoff for the written call and the underlying stock for S(t) X, where X is the exercise price of the call-option... C. Discuss why the call option writer should undertake the covered call position as opposed to only writing the call option

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