Consider the following positions on the Intel stock. For each of the positions choose the strike X = $35. Choose December option.

a. Short 1 call.

b. Short 1 put.

c. Short 1 call + long 1 put.

d. Long 1 call + long 1 put.

e. Long 1 put with strike $34 and short 1 put with strike $35.

f. Long 1 put with strike $34, short 2 puts with strike $35, and long 1 put with strike $36.

Assume that you enter and close the positions at the mid point of bid-ask spread.

Assume that you trade each contract on October 25 (i.e. enter the positions). For each position (a-f) answer the following questions:

1. Close out your positions on November 1. Calculate your net dollar gain or loss.

2. Now assume that you exercise options on November 1. For each position compute your net gain or loss.

october 25 35.10 -0.16 INTC (INTEL CORP) Maturity et Bid Ask Vol open Int nNTC1618K34 E 1.24 -0.12 1.25 1.29 8 20571 16 Nov 34.00 INTC1618W34-E 0.36 0.01 0.32 0.36 179 6251 0.59 -0.09 0.57 0.62 170 9107 16 Nov 35.00 INTC1618W35-E 0.75 +0.02 0.71 0.75 369 17135 NTC 1618K35 025 -0.02 0.21 0.25 1 17280 16 Nov 36.00 INTC1618w36-E 1.39 +0.21 1.33 1.38 203 12262 C1618K36-E 8K37-E 0.09 0.0 0.05 0.08 50 23718 16 Nov 37.00 INTC1618W37-E 2.18 0.0 2.18 2.220 7038 16134 E 1.51 -0.11 1.49 1.56 100 1089 16 Dec 34.00 INTC1616X34-E 0.65 0.0 0.62 0.66 76 6349 C1616135 E 0.91 -0.09 0.90 0.94 8 3349 16 Dec 35.00 INTC1616X35-E 1.02 0.01 1.01 1.05 2 6476 NTC1616L36-E 0.47 -0.05 0.46 0.51 123 4894 16 Dec 36.00 INTC1616X36-E 1.59 0.0 1.57 1.62 0 4097 0.22 -0.02 0.21 0.23 118 8899 16 Dec 37.00 INTC1616X37-E 2.25 0.00 2.32 2.370 1866 16L37-E November 1 INTC (INTEL CORP) 34.52 -0.35 Maturity Net Bid Ask vol open Int et Bid Ask Vol NTC1618K34-E 0.75 -0.38 0.79 0.86 448 12248 16 Nov 34.00 INTC1618W34-E 0.57 +0.23 0.54 0.59 527 8338 INTC1618K35 E 0.32 -0.12 0.33 0.38 193 10049 16 Nov 35.00 INTC1618W35-E 1.12 +0.31 1.06 1.12 88 20121 INT C1618K36 E 0.11 -0.03 0.08 0.12 167 17871 16 Nov 36.00 INTC1618W36-E 1.73 +0.33 1.79 1.89 38 11838 0.03 -0.02 0.01 0.04 304 23476 16 Nov 37.00 INTC1618W37-E 2.82 +0.49 2.70 3.059 6918 C1618K37. 1.10 -0.33 1.14 1.22 54 1037 16 Dec 34.00 INTC1616X34-E 0.82 +0.11 0.87 0.94 3 6589 C1616L34 E 16 Dec 35.00 INTC1616X35-E 1.30 +0.22 1.36 1.43 29 6854 16L35 E 0.66 -0.14 0.65 0.70 82 5097 C1616L36 E 0.30 -0.16 0.30 0.35 35 8138 16 Dec 36.00 INTC1616x36-E 1.96 +0.24 2.02 2.12 10 4191 NTC 1616L37 0.14 -0.06 0.12 0.15 2 12659 16 Dec 37.00 INTC1616X37-E 2.72 +0.22 2.79 3.10 7 1942