You shorted a call option on Intuit stock with a strike price of

$3939.

When you sold (wrote) the option, you received

$77.

The option will expire in exactly three months' time.

a. If the stock is trading at

$5656

in three months, what will your payoff be? What will your profit be?

b. If the stock is trading at

$3333

in three months, what will your payoff be? What will your profit be?

c. Draw a payoff diagram showing the payoff at expiration as a function of the stock price at expiration.

d. Redo c, but instead of showing payoffs, show profits.