On March 13, 2020 a trader wrote a call option priced at $4 on Google stock with an exercise price of $1,100, with maturity on April 13, 2020. a) The trader used a stop-loss strategy with the plan to buy shares if the stock price exceeds the strike by 5% and to sell shares if the stock price goes below 95% of the strike price. Estimate the profit/loss at maturity. b) Estimate the profit/loss at maturity if the trader uses the naked strategy. c) Estimate the profit/loss at maturity if the trader uses the covered strategy. Specify which strategy is the most profitable in this scenario.