XYZ CORP

Exercise

NYSE

Date

Price

Price

Close

Calls

OCT

85

16 3/4

101 11/16

OCT

90

12

101 11/16

OCT

95

7 5/8

101 11/16

Puts

OCT

85

1/8

101 11/16

OCT

90

3/8

101 11/16

OCT

95

13/16

101 11/16

a.If you establish a long straddle using the options with an 85-exercise price, what is your dollar gain or loss if at expiration XYZ is still trading at 101 11/16?

b.If you establish a long strap using the options with an 85-exercise price, what is your dollar gain or loss if at expiration XYZ is still trading at 101 11/16?

c.If you establish a long strip using the options with an 85 exercise price, what is your dollar gain or loss if at expiration XYZ is still trading at 101 11/16?