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Samantha Smart, a speculative energy trader, is fairly certain that natural gas futures prices will not rise above $6.00/ MMBtu (given that they are about

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Samantha Smart, a speculative energy trader, is fairly certain that natural gas futures prices will not rise above $6.00/ MMBtu (given that they are about $5.00 currently) and wants to profit from her knowledge. She writes (sells) natural gas call options with an exercise price of $6.00/MMBtu (expiration date end of January 2022) for a large number of contracts totaling 1 Trillion Btu of natural gas for which she pockets a premium of $0.10 per Million Btu. What is her net profit/loss in $ if prices never exceed $6.00/MMBtu thru January? $100,000 $1,000,000 +$1,000,000 None of these +$100,000 Question 30 2 pts Same situation as Question 29, What is her net profit/loss if prices rise to $8.00 per MMBtu? None of these -$1.9 Million +$1.9 Million +$190,000 $190,000

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