1. The following questions refer to options on SNAP (Ticker: SNAP), which closed today at $22.59/share. Below are a table of closing prices on SNAP options on 8/31/2020:

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Strike Expiration Calls Puts________

20 October, 2020 $3.30 $0.71

21 October, 2020 $2.61 $1.04

22 October, 2020 $2.04 $1.44

23 October, 2020 $1.55 $1.95

24 October, 2020 $1.15 $2.54

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1. Which of these options are in-the-money?
2. Suppose you think that the price is unlikely to remain above $23 during the next month so you write a call with a strike of $23. Create a table of values of your call position as a function of the price of SNAP at the expiration of the option position. Use share prices in intervals of $0.25 in the range from $20 to $25.
3. What if instead of the call you purchased a put with a strike of $23. Create a similar table of values as in (b).
4. Plot the values depicted in your tables from parts (b) and (c)
5. Suppose instead that you are bullish on SNAP stock and decide to buy calls with a strike of $22. Give a table of values of your spread as a function of the underlying stock of SNAP at the expiration date of the option, and finally, plot the payout as a function of the underlying stock price at expiration.