The following option prices were observed for a stock (no n- dividend) for July 6 of a particular year. The stock is priced today at $165.13/ s hare . Assume interest rate=0% The options are European. In the following problems, determine the profits for possible stock prices of $150, 155, 160, 165, 170, 175, and 180. Answer any other questions as requested.

Strike $165 Call Premium Aug Oct $5.25 $8.1 Put Premium Aug Oct $4.75 $6.75 Question 5 (4 Points): Buy one August 165 call contract. Hold it until the option expires. Determine the profits and graph the results. Then identify the break-even stock price at expiration. What is the maximum possible loss on this transaction? Question 6 (4 Points): Buy one August 165 put contract. Hold it until the option expires. Determine the profits and graph the results. Then identify the break-even stock price at expiration. What is the maximum possible loss on this transaction? Question 7 (4 Points): Short one October 165 put contract. Hold it until the option expires. Determine the profits and graph the results. Identify the break-even stock price at expiration. What is the maximum gain and loss on this transaction