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= = You write a call option with X = 60 and buy a call with X = 70. The options are on the same

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= = You write a call option with X = 60 and buy a call with X = 70. The options are on the same stock and have the same expiration date. One of the calls sells for $3; the other sells for $9. a. Create the payofff table for this strategy at the option expiration date. (10 marks) b. Draw the payoff/profit graph for this strategy (5 marks) c. What is the break-even point for this strategy? (2 marks) d. Is the investor bullish or bearish on the stock? (1 marks) e. What is your profit or loss if the stock price is $80 (2 marks)

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