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solve Use the data in the following table to calculate the payoff and the profits for investments in each of the following July expiration options,

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Use the data in the following table to calculate the payoff and the profits for investments in each of the following July expiration options, assuming that the stock price on the expiration date is $150. PRICES AT CLOSE JUNE 30, 2016 IBM OM Underlying Stock Price 145.60 C Put Open Open Expiration Strike Last Volume Interest Last Volume Interest 15, 2016 1455.18 37 6319 79 5659 August 19, 2016 14569 512 2476 October 21, 2016 1453.42 80 1086 y 15, 2016 150 185 1649 5753 August 19,2016 150 2911 October 21, 2016 150 204 3101 My 15, 2016 155 3492 77 3847 August 18, 2016 155 113 Dober 21, 2016 155360 720 a. Call option, X = $145 b. Put option, X = $145 C. Call option, X = $150 d. Put option, X = $150 e. Call option, X = $155 f. Put option, X = $155

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