Please don't use excel and label the steps carefully when showing calculations, thanks in advance.

1. A trader buys a European call option on a share for 2.50 SEK. The strike price is 50 SEK and the option is held until maturity. Under what circumstances does the trader make a profit? Under what circumstances will the option be exercised? Draw a diagram showing the variation of the traders profit with the stock price at the maturity of the option.