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Calls Puts Strike Close Price Expiration Vol. Last Vol. Last Hendreeks 103 100 Feb 72 5.20 50 2.40 103 100 Mar 41 8.40 29 4.90

Calls Puts
Strike
Close Price Expiration Vol. Last Vol. Last
Hendreeks
103 100 Feb 72 5.20 50 2.40
103 100 Mar 41 8.40 29 4.90
103 100 Apr 16 10.68 10 6.60
103 100 Jul 8 14.30 2 10.10

Suppose you buy 25 July 100 call option contracts. Hendreeks stock is selling for $106.70 per share on the expiration date. How much is your options investment worth? What if the stock price is $102.60 on the expiration date? (Do not round intermediate calculations. Omit the "$" sign in your response.)

Option Payoffs at $106.70 $
Option Payoffs at $102.60 $

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