e) Braw the future contract payoff graph for Sophie. 2. There are traded options with XYZ stocks as their underlying assets. a) The following table lists prices of various XYZ options. Use the data in this table to calculate the payoffs and the profits for the position in each of the following June maturity options, assuming that the stock price on the maturity date is $102. Payoff Profit Option Premium 2.30 Strike Price (X) Short put option, X = $96 Short call option, X = $103 Long put option, X = $104 Long call option, X = $98 3.10 4.80 6.00 b) Draw the payoff graphs for a long XYZ call with strike price $98 and a long XYZ put with strike price $104 respectively. In addition, draw the payoff graph for the combined position of a long XYZ call with strike price $98 and a long XYZ put with strike price $104. (Draw these three graphs separately and label them clearly with values of important points on the x- and y-axes.) e) Braw the future contract payoff graph for Sophie. 2. There are traded options with XYZ stocks as their underlying assets. a) The following table lists prices of various XYZ options. Use the data in this table to calculate the payoffs and the profits for the position in each of the following June maturity options, assuming that the stock price on the maturity date is $102. Payoff Profit Option Premium 2.30 Strike Price (X) Short put option, X = $96 Short call option, X = $103 Long put option, X = $104 Long call option, X = $98 3.10 4.80 6.00 b) Draw the payoff graphs for a long XYZ call with strike price $98 and a long XYZ put with strike price $104 respectively. In addition, draw the payoff graph for the combined position of a long XYZ call with strike price $98 and a long XYZ put with strike price $104. (Draw these three graphs separately and label them clearly with values of important points on the x- and y-axes.)