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Suppose you buy one SPX call option with a strike of 2135 andwrite one SPX call option with a strike of 2195. What are thepayoffs at maturity to this position for S&P 500 Index levelsof 2050, 2100, 2150, 2200, and 2250? (A negative valueshould be indicated by a minus sign. Leave no cells blank - becertain to enter "0" wherever required.)Indexlevel Longcall payoff Short callpayoff Total payoff2050 2100 2150 2200 2250 2.StrikeCallsPutsClosePriceExpirationVol.LastVol.LastHendreeks103100Feb725.20502.40103100Mar418.40294.90103100Apr1610.68106.60103100Jul814.30210.10Suppose you buy 25 February 100 call option contracts. Hendreeksstock is selling for $105.50 per share on the expiration date. Howmuch is your options investment worth? What if the stock price is$101.40 on the expiration date? (Do not round intermediatecalculations.)
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