XYZ November 50 calls are trading at $5. If the calls are in-the-money, what is minimum price of XYZ?

		Above $45
		Below $50
		Above $55.
		Above $50

Abigail initiates an uncovered call write for one ABC September 40 Call for which she receives a premium of $3.40. At expiry, the stock is $50 and Abigail is assigned. What is the net gain or loss on her position?

		Gain of $660
		A gain of $340
		A loss of $660
		A loss of $340