Options trade on the common stock of Taz, Inc. that have a strike price of $$51\mathrm{.}50$ and a premium of $$1\mathrm{.}25.$ In each of the next four parts, calculate the net profit $($or loss$)$ on the option position.

Note: Negative responses should be placed with a preceding negative sign $($e$.$g$.-4\mathrm{.}50)$ and not with parentheses $($e$.$g$.(4\mathrm{.}50)).$

Part $1$: Calculate the net profit or loss from BUYING a CALL option on Taz if at the time of expiration the price per share of Taz is $$53\mathrm{.}00.$ $

Part $2$: Calculate the net profit or loss from WRITING a CALL option on Taz if at the time of expiration the price per share of Taz is $$53\mathrm{.}00.$ $

Part $3$: Calcuate the net profit or loss from BUYING a PUT option on Taz if at the time of expiration the price per share of Taz is $$53\mathrm{.}00.$ $

Part $4$: Calcuate the net profit or loss from WRITING a PUT option on Taz if at the time of expiration the price per share of Taz is $$53\mathrm{.}00.$ $