1. Suppose you buy 3 call option contracts on SFIX. The option expires on Friday, 10/04/2019, the strike price is $19.50 and the premium is $89 per share as seen above. Answer the following questions:

1. Calculate the intrinsic value of SFIX 10/04/2019 19.50 C given that the stock price is currently traded at $19.23
2. If the stock price is at $18.00 at expiration on 10/04, will this option be exercised? and more importantly, WHY or WHY NOT?
3. Calculate the total profit (loss) of this entire trade if the stock price at expiration is $18.00
4. Calculate the total profit (loss) of this entire trade is the stock price at expiration is $19.50
5. Calculate the total profit (loss) of this entire trade if the stock price at expiration is $21.00
6. Calculate the total profit (loss) of this entire trade if the stock price at expiration is $22.50
7. Use answer in (C) through (f) to graph the total profit (loss) for a long call on SFIX.
8. According to the graph in (g), what is the TOTAL maximum gain and maximum loss of the above long call
9. What is the breakeven price in this transaction?

SFIX Go 19.23 A +0.885 (4.83%) Stitch Fix Inc Ask: 19.23 Volume: 3,795,159 Prev Close: 18.34 Spread: -0.01 Low: 18.48 900 X 300 Bid: 19.22 Open: 18.61 High: 19.62 L:100 @ 30.66 Size: Expiration Strike Type Bid Mid Ask Volume 0.1. Delta Theta 10/04/2019 19.50 Call 1.85 1.88 1.90 548 175 0.5306 -0.1997 Action Quantity Order Type Limit Price Timing Buy to Open 9 Limit 1.90 Day Add A Leg + Buy to close Sell to Open Brackets Spec. Cond. Review Order Cancel Last Sell to Close Max Gain: N/A Break Even: N/A Max Loss: N/A Save For Later Estimated Cost: Regional Quotes Option Chains Trade & Probability Calculator | Top Movers Calls and Puts Oct 04, 2019 5 Strikes Around the Money Basic View Calls Puts Strikes Symbol Last Trade Change Bid Midpoint Ask Volume Open Int Calls Oct 04, 2019 (Fri: 05 days, Wkly) 18.50 SFIX 10/04/2019 18.50 C 2.25 +0.35 2.30 2.35 502 1,112 19.00 SFIX 10/04/2019 19.00C 2.10 +0.50 2.05 2.10 2.15 661 530 > 19.50 SFIX 10/04/2019 19.50 C 1.89 +0.38 1.85 1.88 1.90 548 175 20.00 SFIX 10/04/2019 20.00 C 1.67 +0.32 1.65 1.68 1.70 903 2,043 20.50 SFIX 10/04/2019 20.50 C 1.45 +0.25 1.45 1.48 1.50 359 306 Puts Oct 04, 2019 (Fri: 05 days, Wkly) 18.00 SFIX 10/04/2019 18.00 P 1.37 -0.53 1.35 1.38 1.40 216 957 18.50 SFIX 10/04/2019 18.50 P 1.60 -0.50 1.55 1.60 1.65 224 1,194 > 19.00 SFIX 10/04/2019 19.00 P 1.89 -0.65 1.85 1.88 1.90 459 151 19.50 SFIX 10/04/2019 19.50 P 2.20 -0.69 2.10 2.15 2.20 157 779 20.00 SFIX 10/04/2019 20.00 P 2.48 -0.69 2.40 2.43 2.45 41 164 2.33