You bought one November call option with strike price $130. Suppose the stock price at option expiration is $132.

a) Would you exercise your call? What is the profit on your position? yes exercise, there would be a $200 profit.

b) What if you had bought the November call with strike price $135? no , 0 profit ( $1112 loss)

c) What if you had bought the November put with strike price $130?

d) What if you had bought the November put with strike price $135?

Expiration 27-Sep-2019 27-Sep-2019 27-Sep-2019 Strike Call Put 130 135 8.65 15-Nov-2019 130 4.82 140 1.99 1.03 2.17 4.35 11.50 3.55 15-Nov-2019 135 8.12 5.15