you own 100 shares of ABC company that costs $50 per share. You write a 45 day covered call for 1.50 premium and a strike price of $60. You are on the day of expiration and the stock is trading at $58 per share. you have the ability to close your position for .50.

1. calculate the net profit when closing the position

2. you decide to sell a new a new call at $65 strike price while the stock is still at $58, collecting a 1.33 premium in the process. calculate the new profit

3. calculate the new breakeven based upon your second and first scenario combined