1. Suppose you buy one September call option on U.S. Treasury Bonds Futures with the premium quoted on April 15 as referenced below:

			April 15th
All prices are settlement prices. Volume and open interest are from the previous trading day.
US TREASURY BONDS (CBOT)
$100,000, pts & 64ths of 100 pct
		Calls			Puts
Strike Price	May	Jun	Sep	May	Jun	Sep
10900	8-28	8-30	7-62	0-01	0-04	0-49
11100	7-28	7-32	7-21	0-01	0-06	0-61
11200	6-28	6-36	-	0-01	0-10	1-12
11300	5-28	5-41	5-44	0-01	0-15	1-29
11400	4-29	4-49	5-00	0-02	0-23	1-49
11500	3-32	3-36	4-24	0-05	0-34	2-08
Volume			Calls	11000	Puts	26000
Open Interest			Calls	490000	Puts	480000

(a) If you chose the strike price of 11100, how much did you pay for the call in dollars? (b) Using the following information for trades taking place on June 10. If you sold the call on June 10, due to a change in circumstances, would you have reaped a profit or loss? Determine the amount of the profit or loss.

US TREASURY BONDS (CBOT)
$100,000, pts & 64ths of 100 pct
	Calls			Puts
Strike Price	Jul	Sep	Dec	Jul	Sep		Dec
10900		5-15		0-06	0-58		1-61
11000	3-34	4-31	4-47	0-12	1-10		2-20
11100	2-44	3-51		0-22	1-30		2-46
11200	1-59	3-12	3-39	0-37	1-54		3-11
11300	1-19	2-40		0-61	2-18
11400	0-52	2-09	2-46	1-30	2-51		4-17
11500	0-31	1-47	2-22	2-09	3-25		4-57