Question: 34. You write one IBM July 138 call contract for a premium of $15. You hold the option until the expiration date, when IBM stock

34. You write one IBM July 138 call contract for a premium of $15. You hold the option until the expiration date, when IBM stock sells for $148 per share. You will realize a ______ on the investment. a. $2,500 loss b. $500 profit c. $1,000 loss d. $1,000 profit

27. You purchase one IBM March 160 put contract for a put premium of $13. The maximum profit that you could gain from this strategy is _________.

a. $14,700 b. $16,000 c. $1,300 d. $160

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