Strike 1800 1820 1840 1860 1880 1900 1920 1940 1960 1980 2000 2100 2200 2300 2800 Last Price 337.72 324 306.77 2878 285.7 292 12 261.16 218 231 221 18 202.25 146 1066 70 12.25 Bid 339.5 323.5 309.6 2943 279.6 2561 2518 237 224 211.5 200 145.5 102.5 731 12.5 Open Ask Change Change Volume Interest 348.4 -4.28 1.251 3 618 3321 0 2 300 316 10161 49.53 3 300 -26.1 -8.311 1 286.8 286 1112 2 2732 24.02 8.96 1 258.4 2 442 2452 0 2 0 2 219.5 27.83 14.39% 1 209 0 5 520 1542 -41 -2.73 264 108.7 -3.4 -3.09% 11 766 79.2 -4.74 -6.344 19 257 13.9 0 2 234 895396 50 48 49.8 -4.2 -7.75% 7 203 1800 527 51.6 573 -22 -4011 1820 57.4 56.1 61.2 1 3 1 -7.6 -11.69% 1840 3 19 628 605 63.6 0.1 0.16 1 28 1860 682 66.7 69 -144 -17.43 4 22 1880 752 71.6 75 14 190N 1 319 1900 832 775 80.9 3.2 400N 1 1 17 1920 892 84 87.4 -73.3-45.11 3 6 1940 939 904 947 0.7 0.750 1 1960 19 28 1028 96.1 102.5 1 0.98 2 1980 110 105.8 110.1 11 101 51 15 2000 15325 151.9 1564 -255 -156 7 23 2100 200 2081 213.9 - 26.25 - 1160% 1 2200 4 2808 2748 2818 0 2300 4 935 7122 722 0 - 1 2800 (b) At what stock price(s) your profit would be zero in the above case? [5 marks) (c) If you expect stock price is more likely to go up to $3,000, what strategy would better serve you? Explain. Calculate payoff and profit of the strategy. [4+2+2=8 marks] (d) Calculate the range of stock prices beyond which your profit would be positive if you follow the strategy in (c)? [6 marks]