Suppose you bought a CALL option on a share of Tesla stock (Strike Price $200, Expiration Date 11/1/2022) today for a price of $2.99. On the expiration date, the price of a share of Tesla is $300. Answer the following questions using the information above Please show your detailed work and dont write numbers without putting a label as to what they are. Be careful when you write = sign only when the two things on either side of it are equal. [2 + 3 + 3 + 2 = 10 points]

Is it in your best interest to exercise the CALL option? Why?

What is your Payoff?

Your profit is (nearest dollar)? (show work)

This call option is ________________ money.