Options on XYZ Inc.

Expiration Strike Call Put

September 25, 2020 60 3.40 1.20

September 25, 2020 65 2.25 2.56

September 25, 2020 70 1.15 3.67

Use the data for XYZ Inc. to calculate the payoff and the profit for investments in each of the following September 25, 2020 expiration options, assuming that the stock price on the expiration date is $ 63. SHOW YOUR WORK!!

1. Call option, X=60
2. Put option, X=65
3. Call option, X=65
4. Put option, X=70