Do you earn 100 shares of Netflix that are $50 per share. You write a 30 day covered call for 1.50 premium and a strike price of 60. currently you are on the day of expiration and the stock is trading at $58 per share. do you have the ability to close out your position for 0.50.

1. calculate net profit when closing out position

2. next you decide to sell a new call at 65 strike price while the stock is still at $58. collectinf a premium of 1.33 in the process. calculate the new potential profit

3. finally, calculate your new break even based upon your second scenario and first scenario combined.