1. A speculator buys a put option with a strike of $40 for $3. The stock is currently priced at $40.78 and moves to $42.66 on the expiration date. What is the speculator's profit or loss per share? (Do not ignore the premium paid.)

2. A speculator sells a put option with a strike of $35 for $1.35. The stock is currently priced at $35.79 and moves to $32.44 on the expiration date. What is the speculator's (i.e., the call seller's) profit or loss per share? (Do not ignore the premium collected.) 3.A speculator buys a call option with a strike of $50 for $2.92. The stock is currently priced at $51.25 and moves to $52.37 on the expiration date. What is the speculator's profit or loss per share? (Do not ignore the premium paid.)