Consider a call option on GameStop (GME) common stock with a strike price of $25.

a) What is the payoff at expiration (on the expiration date) if the market price for GME is $25.14 at that time?

b) What is the payoff at expiration (on the expiration date) if the market price for GME is $19.81 at that time?

c) Draw the payoff diagram for this option.

d) Draw the profit diagram for this option assuming you bought the option for $5.

e) Use the Options Industry Council website to look up the current price for this option assuming the expiration date is January 20^th, 2022. Please give the price and the date/time that you saw it online.