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Suppose you purchase the November call option on orange juice futures with a strike price of 150 at the price shown in the table below.

Suppose you purchase the November call option on orange juice futures with a strike price of 150 at the price shown in the table below. What will be your profit or loss on this contract if the price of orange juice futures is $0.616 per pound at expiration of the option contract?

Orange juice: 15,000 lbs, U.S. cents per lb.

Calls Puts
AUG SEP NOV AUG SEP NOV
150 8.85 10.85 14.05 0.20 2.25 5.15
155 4.75 7.75 11.45 1.10 4.35 7.55

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