Assume you purchased the right to sell 3,600 shares of Target stock in March 2019 at a strike price of $55 per share. Suppose Target stock sells for $53 per share immediately before your options expiration. What is the rate of return on your investment? What is your rate of return if the stock sells for $61 per share? Assume your holding period for this investment is exactly three months. (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your 3-month returns as a percent rounded to 2 decimal places.)

Calls for March 15, 2019 Contract Name Last Trade Date Strike Last Price Bid Ask Change % Change TGT1903150000 50000 2018-12-19 3:37PM EST 50.00 13.55 20.05 20.30 0.00 TGT190315000055000 2019-01-07 10:40AM EST 55.00 14.53 15.35 15.50 0.00 TGT190315000057500 2018-12-19 2:58PM EST 57.50 7.90 12.95 13.20 0.00 TGT190316C00062600 2019-01-08 9:53AM EST 62.50 7.80 8.70 8.85 -0.57 -8.81% 2019-01-08 11:11AM EST 67.50 5.32 5.25 5.40 +0.19 +3.70% TGT190315C00007500 TGT1903150000 72500 2019-01-08 1:22PM EST 72.50 2.83 2.79 2.85 +0.04 +1.43% Puts for March 15, 2019 Contract Name TGT190315P000 45000 Bid Last Trade Date Strike Last Price 2019-01-02 10:24AM EST 46.00 0.20 Ask Change % Change 0.12 0.00 0.09 TGT190315P00047500 2019-01-08 10:38AM EST 47.50 0.19 0.14 0.16 -0.51 -72.86% TGT 190315P00050000 2019-01-07 12:24PM EST 50.00 0.25 0.20 0.22 0.00 2019-01-08 12:13PM EST 55.00 0.49 0.45 0.48 -0.02 -3.92% TGT190315P00055000 TGT 190315P00057500 2019-01-08 10:38AM EST 57.50 0.84 0.88 0.70 +0.02 +2.44% TGT190315P00060000 2019-01-08 1:18PM EST 80.00 1.07 1.03 1.05 -0.13 -10.83%