Yesomite Sam's grandma has left behind 10,000 shares of IBM as inheritance for him.

However, knowing of his problems with firearms, he is not permitted to sell the stock.If

a sale happens, all the money goes to Looney Tunes University.IBM pays $1.30 per

quarter in dividend.Using the information given in Table 1, describe an option relatedcovered call writing strategy for Sam without subjecting him to the risk of exercise.Show me theexact

amount of money in addition to dividends that Sam can expect to earn.Explain and justify the strategy.