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Calls Strike Price Expiration Vol. Last Vol. Last Puts Close Hendreeks 103 103 103 103 100 100 100 100 72 5.20 8.40 16 10.68 8

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Calls Strike Price Expiration Vol. Last Vol. Last Puts Close Hendreeks 103 103 103 103 100 100 100 100 72 5.20 8.40 16 10.68 8 14.30 2.40 4.90 6.60 10.10 Feb Mar Apr 50 29 10 41 a. Suppose you write 40 of the Apr 100 put contracts. What is your net gain or loss if Hendreeks is selling for $94.00 at expiration? For $112? $94.00 at expiration $112 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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