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Please show work Consider a June 2020 Call option contract on BB Co. with an exercise price of $55 that sells for $3.40. If on

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  1. Consider a June 2020 Call option contract on BB Co. with an exercise price of $55 that sells for $3.40.
    1. If on the third Friday of June (the expiration date) the price of BB is as follows, fill in the chart below as is relates to the writer of the contract.

Price in June Value of Option Contract Profit/Loss for Writer

$42 ______________ _______________

$56 ______________ _______________

$60 ______________ _______________

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