Refer to Figure 15.1, which lists the prices of various IBM options. Use the data in the figure to calculate the payoff and the profit/loss for investments in each of the following Oct-11 expiration options, assuming that the stock price on the expiration date is $164. (Leave no cells blank be certain to enter "0 wherever required. Loss amounts should be indicated by a minus sign. Round "ProfitLoss" to 2 decimal places. Payoff Profit/Loss a. Call option, X 160 b. Put option, X 160 c. Call option, X 165 d. Put option, X 165 e. Call option, X 170 f. Put option, X 170 10 You purchase one IBM September 170 put contract for a premium of $6.20. What is your maximum possible profit? (See Figure 15.1 Assume each contract is for 100 units Potential profit FIGURE 15.1 Options on IBM call put August 24, 20 Strike Last Volume Open Interest Last Volume Open Interest Ex ration Source: The Whll&reet Java mal Seo 2011 160.00 S 15 796 1835 1271 4298 August 2S, 2011 Oct 2011 160.00 11.9 301 2369 296 7443 Jan 2012 160.00 15.00 1011 7890 9.40 102 4920 Copyright 2011 Dow Apr 2012 160.00 173S 111 122 1330 4 71 ones & Company, Inc. All Bep 2011 16s.00 S80 80s 3542 4.10 1711 5085 Rights Reserved Worldwide Oct 2011 165.00 870 3200 3866 7.00 131 2651 Dam 2012 165.00 11.70 93 4045 10.851 303 4466 Apr 2012 16s.00 14.30 781 54 Oct 2011 170.00 586 4S7 7506 925 148 4584 Jan 2012 170.00 893 73 6876 13.00 58 2929 Apr 2012 170.00 11.32 36 58 52