Question 1:

You bought a call option on a single share with a strike price of $50 and you sold a call option on the same share of stock with a strike price of $70. What is your net payoff if the final maturity price of the stock is $78?

Question 2:

You bought a put option on 100 shares of stock. The strike price is $45. At maturity, the price of the stock was $30. What is the maturity value of your option?

Question 3:

You sold a call option on 200 shares of stock. The strike price was $50. At maturity, the price of the stock was $31. What is the maturity value of the options that you sold?