1. An investor took a position in the futures market. He bought the futures of TCS at a future price of Rs.3135. On expiry the cash market price is Rs.3230. Find the Profit or Loss when the lot size is 300 shares. Also draw a payoff diagram for the same. Expiry date is 3 months.

2. Dipen buys a Call option on the stock of Infosys by paying OPtion Premium of Rs.50 with the Exercise Price of Rs.1380. Calculate the Intrinsic Value and Profit/Loss of Dipen if the Spot Price on expiry is as follows : 1340;1350;1360;1370;1380;1390;1400;1410;1420;1430. Also draw a Payoff Diagram for the same.