You buy 1500 shares of Tootsie Roll at $33.36 and write 15 calls with a premium of 3.30 and a strike price of $35. Prior to expiration, the stock goes to 44. Assuming the calls will be exercised, calculate your HPR.

Assume the price of the stock goes to $32 prior to expiration and the calls are not exercised. Recalculate your HPR assuming you sell the stock at 32.

Calculate your HPR if you had just bought the stock at 33.36 and sold it at 32.