Grant purchased one call on XYZ stock at an exercise price of $25. The market price of XYZ stock when Grant purchased the call was $24 a share. XYZ is currently priced at $30 a share. Grant paid $120 to buy the call. How much profit will Grant make if he exercises the option today and then sells the shares? Ignore all transaction-related costs.

In late November, Karen bought FIB February puts with a strike price of $25.The ask price of the put was $281.The current price of FIB shares is $28.40.The intrinsic value of the put is