Problem POS-64D: Comparing two covered call positions Today is time 0". The following securities are given: Security Strike Price Expiration Current price XYZ stock N/A N/A $29.00 European call on XYZ $25 Time T $7.00 European call on XYZ $30 Time T $4.50 It is given that the stock will not pay a dividend before the options' expiration. Suppose we wish to compare two covered call positions: Position 1: Buy the stock, and write the 25-strike call. Position 2: Buy the stock, and write the 30-strike call. Question: Create a chart which will display the profits of both positions as functions of the stock price at expiration. Guidance: Note that each position is similar to the one in Problem POS-64. The required chart is similar to the one in Problem POS-63 page 5. Both profit diagrams should appear in the same chart. Mark the important points and also the intersection of the two graphs. There is no need to include the payoffs. There is no need to show work. (But of course you may, if you wish.) This can be prepared with Excel or by hand