You own a call option on intuit stock with a price of $43. When you purchased the option it cost you $5. The option will expire in exactly three months time.

A) if the stock is trading at $61 in three months what will be the payoff of the call? What will be the profit of the call?

B) if the stock is trading at $29 in three months, what will be the payoff of the call? What will be the profit of the call?

C) draw a payoff diagram showing the value of the call at expiration as a function of the stock price at expiration

D) redo c but instead of showing payoffs, show profits