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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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