Selected Option Quotations for ABC Corp (use in questions 4-7 ABC Stock Price Strike Call Put Date of Volume Price Volume Price uotation 32.45 35.00 32.45 35.00 32.45 40.00 32.45 40.00 Aug Oct Aug Oct 9923 307 4578 212 0.99 1.42 0.19 0.41 2632 108 1875 76 3.31 3.62 7.47 7.56 4/20/2017 4/20/2017 4/20/2017 4/20/2017 38.25 35.00 38.25 35.00 38.25 40.00 38.25 40.00 Aug Oct Aug Oct 1282 3645 468 3645 3.74 4.28 0.91 .58 1279 2856 156 1874 0.37 0.80 2.53 3.06 6/17/2017 6/17/2017 6/17/2017 6/17/2017 Suppose that it is 4/20/2017 and that you own 300 shares of ABC's common stock. You do not believe that ABC's common stock will perform all that well so you are considering writing covered calls using the October, X- 35 call option. Explain your potential gains and losses (in dollar terms) from following this strategy