Given the following information:

Price of the stock =	$101
Strike price of a six-month call	$100
Market price of the call	$5
Strike price of a six-month put	$100
Market price of the put	$4

Answer the following questions. Each question is worth 8.5 points

Which option is in the money?

What is the time premium paid for the put?

If an investor establishes a naked call position, what amount is received

What is the most the buyer of the call can lose?

What is the maximum amount a short seller (of the stock) can lose

If At the expiration of the option the stock price is $93, what is the profit (loss) from buying the call.

If At the expiration of the option the stock price is $93, what is the profit (loss) from writing a covered call strategy?

If At the expiration of the option the stock price is $93, what is the profit (loss) from selling the put.