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Underlying stock Microsoft (MSFT) price = Strike S139000.0069 Call Put 6.78 1.89 135 140 3.60 3.70 145 1.50 6.65 Expiration November 2015, 0002019 November 2015,
Underlying stock Microsoft (MSFT) price = Strike S139000.0069 Call Put 6.78 1.89 135 140 3.60 3.70 145 1.50 6.65 Expiration November 2015, 0002019 November 2015, 0002019 November 0015, DO 102019 December 20, 2019 December 20, 2019 December 0020, DO 102019 135 7.93 3.28 140 4.88 5.30 145 2.71 8.10 Required: Refer to Figure 15.1, which lists the prices of various Microsoft options. Use the data in the figure to calculate the payoff and the profit/loss for investments in each of the following December 2019 expiration options on a single share, assuming that the stock price on the expiration date is $140. (Loss amounts should be indicated by a minus sign. Round "Profit/Loss" to 2 decimal places.) X Answer is complete but not entirely correct. Payoff Profit/Loss $ 6.78 X $ (1.78) X $ 5.30 x $ (3.30) X a. Call option, X = 135 b. Put option, X = 135 c. Call option, X = 145 d. Put option, X = 145 $ 2.71 X $ (2.71) $ 8.10 X $ (1.10) X
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