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Calls Vol. Last Puts Vol. Last Strike Price Expiration close Hendreeks 103 103 103 103 100 100 100 100 Feb Mar Apr 72 41 16

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Calls Vol. Last Puts Vol. Last Strike Price Expiration close Hendreeks 103 103 103 103 100 100 100 100 Feb Mar Apr 72 41 16 8 5.20 8.40 10.68 14.30 50 29 10 2 2.40 4.90 6.60 10.10 Jul a. Suppose you write 30 of the Feb 100 put contracts. What is your net gain or loss if Hendreeks is selling for $98 at expiration? For $110? $98 at expiration $110 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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