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Strike Price Expiration Puts Last Calls Last Vol. Vol. Close Hendreeks 103 103 103 103 100 100 100 100 Feb Mar Apr Jul 72 41

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Strike Price Expiration Puts Last Calls Last Vol. Vol. Close Hendreeks 103 103 103 103 100 100 100 100 Feb Mar Apr Jul 72 41 16 8 5.20 8.40 10.68 14.30 50 29 10 2 2.40 4.90 6.60 10.10 a) Suppose you buy 55 Jul 100 call option contracts. How much will you pay, ignoring commissions? (3 points) b) 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? (4 points) C) Suppose you buy 50 March 100 put option contracts. What is your maximum gain? (3 points)

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