Suppose you buy one SPX call option with a strike of 2135 and write one SPX call option with a strike of 2195. What are the payoffs at maturity to this position for S&P 500 Index levels of 2050, 2100, 2150, 2200, and 2250? (A negative value should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required.)

Index level Long call payoff Short call payoff Total payoff

2050

2100

2150

2200

2250

2.

	Strike		Calls			Puts
Close	Price	Expiration	Vol.	Last		Vol.	Last
Hendreeks
103	100	Feb	72	5.20		50	2.40
103	100	Mar	41	8.40		29	4.90
103	100	Apr	16	10.68		10	6.60
103	100	Jul	8	14.30		2	10.10

Suppose you buy 25 February 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.)