You shorted a call option on Intuit stock with a strike price of $$40.$ When you sold $($wrote$)$ the option, you received $$7.$

The option will expire in exactly three months' time.

a$.$ If the stock is trading at $$52$ in three months, what will your payoff be$?$ What will your profit be$?$

b$.$ If the stock is trading at $$37$ 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.