Questions 1 to 11 are based on the option's chain data for TSLA. The data is as of the close of business on November 15, 2023 and the stock closed at a price of $242. For all questions, assume you are a customer, not a dealer and assume all option contracts are for one share. Signs matter. Negative numbers, e.g., premium paid, should be shown as such. Use the Answer Sheet provided to submit your answers. Enter all dollar and percentage answers to two decimals.

1. Calculate the net premium for a short straddle, expiry Dec 08, stuck at $245. 2. Calculate the net premium for a long straddle, expiry Dec 08, stuck at $245. 3. Calculate the net premium for a bull call spread using the $240 and $255 strikes , expiry Dec 8. 4. Based only on the information provided in the option chain, what is the approximate probability of the Dec 1, $255 strike put being exercised? 5. Assume you own TSLA stock at a price of $242, what is the max profit of a covered call strategy using the Dec 8 call stuck at $255?

Options Chain Total Records: 30 Calls Fri Dec 012023 Puts ralle Fri Dec 082023 Piltc