Use the stock prices and all option prices of alphabet (google) as of a closing price on either June 19, 20 or 21st. Please identify in your response which day you picked for your closing prices. Choose option expiration dates that are at least one month out from June 16th.

. Diagram a covered call strategy (Please identify stock prices used, strike prices used, expiration dates used, premiums paid and/or received and any other information needed)

a. Show the maximum loss and identify that point on the graph.

b. Show the maximum profit and identify that point on the graph.

c. Show the breakeven stock price and identify that point on the graph.

d. Diagram a-c above for a higher exercise price.

e. Explain why a higher exercise price changes the numbers/points for a-c

f. Diagram a-c above for a lower exercise price.

g. Explain why a lower exercise price changes the numbers/points for a-c.

h. Explain a covered call, when you would want to use it and why.

i. Explain what rolling up is on a call and why would you take this approach.