An investor purchased a call option for $2.00 two months ago that allows the investor to purchase one share at $30.   If the investor had purchased both the call and the put, what type of strategy would they be using? Construct a table of the investor's profit (loss) given the following stock prices at expiration: $10, 15, 20, 25, 30, 35, 40, 45, 50.  Now construct a table assuming the option had been a put option instead of a call option. Graph the profit/loss schedules in parts (a) and (b). Indicate at what stock prices the investor would breakeven with both the call and put options.

  An investor owns a share of JPM (originally purchased at $155) and writes a call option on the same stock and sells it for $3.00 with an exercise price of $155.  In what type of strategy has the investor engaged? Construct a table showing the profit (loss) to the investor assuming the following stock prices when the call option expires: $130, 135, 140, 145, 150, 155, 160, 165, 170. (Note you must consider both the profit (loss) on the JPM stock and the option.)  Now assume instead of writing a call option, the investor bought a put option at the same price. What type of strategy is this?  Given (c) above, construct a table showing the investors profit (loss) assuming the following stock prices when the put option expires: $130, 135, 140, 145, 150, 155, 160, 165, 170. (Note you must consider both the profit (loss) on the JPM stock and the option.