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Question 1 You bought a call option with a strike price of $75.00 and you paid a premium of $4.50. What is the profit of

Question 1

You bought a call option with a strike price of $75.00 and you paid a premium of $4.50. What is the profit of this strategy if the underlying asset is trading for $108.55 on the day of expiration of the contract?

Question 2

You bought a call option with a strike price of $82.50 and you paid a premium of $3.00. What is the RETURN of this strategy if the underlying asset is trading for $97.15 on the day of expiration of the contract?

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