Lucy paid $3.50 on June 20 for a call option on LMN Corp. common stock with a strike price of $37.50 and one month to expiration. Each call is written on 100 shares of stock. LMN common stock had a price of $37 per share on June 20 at the time she bought the call option. Compute the value of the call option and the profit (loss) on her option investment assuming the following stock prices at expiration of the option. What is the maximum gain for Lucy? What is the maximum loss? What is the maximum gain and maximum loss for the writer of this contract? At what stock price would Lucy break-even on her options investment? Suppose someone who had written a call option on June 20 decided one week later that they no longer wanted their position in this contract. What can this writer do to eliminate their option position