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You shorted a call option on Intuit stock with a strike price of $40. When you sold (wrote) the option. you received $4. The option

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You shorted a call option on Intuit stock with a strike price of $40. When you sold (wrote) the option. you received \$4. The option will expire in exactly three months' time. a. If the stock is trading at $47 in three months, what will your payoff be? What will your protit be? b. If the stock is trading at $33 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

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