Please don't forget to indicate profit or loss.

(Protective Put) Betty and Bob buy 100 shares of XYZ @ $50. It rises in price and to protect their profit they buy one Put with a strike price of $55 for $3 per share quoted price. Find the P&L, Y, at expiration if the stock price is

$40 ___________ (per share quoted)

$55 _____________ (per share quoted)

$70 _____________ (per share quoted)

(Covered Write) Bertha and Bill buy 100 shares of XYZ @ $50. It rises in price and to protect their profit and take in income they hedge their position by selling 1 Call with a strike of $60 for $6 per share quoted price. Find the P&L, Y, at expiration if the stock price is

$40 _____________ (per share quoted)

$60 ________________ (per share quoted)

$75 ________________ (per share quoted)