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TYPE OUT answer please and show all work. Do not use excel or write it by hand. Type out formula when possible. Covered call Buy

TYPE OUT answer please and show all work. Do not use excel or write it by hand. Type out formula when possible.

Covered call

Buy 1000 ABC $50

Long 10 ABC May 55 put $4

  1. Debit/Credit
  2. What is the max profit?
  3. What is max loss
  4. What is the breakeven point?
  5. Profit/Loss at $25/$40/$50/$55/$60/75$

2. Please say if its in/out the money and WHY

3. Explain If I have a stock Position and how many stocks are bought or sold.

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