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

a.	Suppose you write 40 of the Apr 100 put contracts. What is your net gain or loss if Hendreeks is selling for $94 at expiration? For $112? (Omit the "$" sign in your response.)

$94 at expiration	(Click to select) net loss net gain	$
$112 at expiration	(Click to select) net loss net gain	$

b.	What is the break-even price, that is, the terminal stock price that results in a zero profit? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Break-even price

$

rev: 11_27_2013_QC_41157