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CALL PUT Exercise Price March April May March April May (X) 150 20.00 21.50 23.00 3.00 3.50 4.45 155 15.50 16.25 17.75 4.10 4.90 5.90

CALL PUT
Exercise Price March April May March April May
(X)
150 20.00 21.50 23.00 3.00 3.50 4.45
155 15.50 16.25 17.75 4.10 4.90 5.90
160 12.50 12.85 13.50 5.30 6.00 6.80
165 8.10 9.00 10.65 7.00 8.00 9.20
170 5.20 6.30 8.50 9.40 10.75 12.45
175 3.25 4.25 5.75 13.00 14.30 14.20
180 2.50 3.40 4.45 15.00 16.10 17.75
Action Date Option Exercise Price 1 Exercise Price 2 Stock Price Premium (Pay)/Rec Total Payoff Total Profit/Loss
Strategy
Buy March Bull Call Spread 150 160 170
Buy April Bull Put Spread 160 180 162
Buy May Bear Put Spread 170 180 150
Buy April Bear Call Spread 160 170 170
Buy March Butterfly Call Spread 150 160 165
Sell May Butterfly Call Spread 170 180 200

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