You buy a call with a strike of $$100.$ If the spot price is $$120$ at expiry, what is your payoff?

If the option cost $$8,$ what is your profit?

If instead the spot price at expiry was $$90,$ what would your profit have been?

What would the spot price at expiry need to be in order for you to break even?

You buy a put option with a strike of $$50.$ If the spot is $$55$ at expiry and the option cost $$3,$ what is your profit?

What spot price at expiry would be required for you to break even?

If you sold the put option, what is the most money you could lose?

You enter into a covered call strategy by buying a stock for $$80$ and selling a call with a strike of $$100$ for $$2.$ If the spot price at expiry is $$77,$ what is your profit?

What is your profit if the spot price at expiry is $$115?$

You enter into a protective put strategy by buying a stock for $$40$ and buying a put with a strike of $$35$ for $$2.$ If the spot at expiry is $$50,$ what is your profit?

What is your profit if the spot at expiry is $$37?$

You enter into a collar by buying a stock at $$75,$ buying a put with a $$65$ strike, and writing a call with an $$80$ strike. If the put premium is $$1$ and the call premium is $$3,$ what is your profit on the straWhat is your profit if the stock price at expiry is $$95?$

What is your profit if the stock price at expiry is $$72?$

You enter into a bull call spread by buying a call with a strike of $$65$ and writing a call with a strike of $$80.$ If the call premiums are $$11$ and $$3,$ respectively, what is your profit if the spot at expiry is $$72?$

You enter into a short straddle by selling a call and a put, both with strikes of $$60.$ If the call is $$5$ and the put is $$1,$ what is your profit if the spot at expiry is $$63?$

With a short straddle, you have two spot prices at expiry at which you will break even on your investment. What is the sum of the two breakeven prices?

You buy a stock for $$60$ and sell it for $$74.$ What is your ROI? Assume the stock does not pay dividends.

If you instead enter into a synthetic long stock position by shorting a put and buying a call, both with $$60$ strikes, what is your ROI assuming the put premium is $$2$ and the call premium is $$5?$ Assume the spot at expiry is $$74.$