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Calls Strike Price Expiration Vol. Last Vol. Last Puts Close Hendreeks 103 103 103 103 100 100 100 100 Feb Mar Apr Jul 72 5.20

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Calls Strike Price Expiration Vol. Last Vol. Last Puts Close Hendreeks 103 103 103 103 100 100 100 100 Feb Mar Apr Jul 72 5.20 41 8.40 16 10.68 8 14.30 50 29 10 2.40 4.90 6.60 10.10 $114? a. Suppose you write 50 of the July 100 put contracts. What is your net gain or loss if Hendreeks is selling for $93.00 at expiration? For $93.00 at expiration $114 at expiration b. What is the break-even price, that is, the terminal stock price that results in a zero profit? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Break-even price

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