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Strike Price Calls Expiration Vol. Last Puts Vol. Last close Hendreeks 103 103 103 103 100 100 100 100 Feb Mar Apr Jul 72 41

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Strike Price Calls Expiration Vol. Last Puts Vol. Last close Hendreeks 103 103 103 103 100 100 100 100 Feb Mar Apr Jul 72 41 16 8 5.20 8.40 10.68 14.30 50 29 10 2 2.40 4.90 6.60 10.10 Suppose you buy 40 July 100 call option contracts. Hendreeks stock is selling for $105.50 per share on the expiration date. How much is your options investment worth? What if the stock price is $101.40 on the expiration date? (Do not round intermediate calculations.) Terminal value at $105.50 Terminal value at $101.40

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