A covered call position entails entering into a long position in stock and writing a call option on the same stock. The purpose of such a position is to finance a portion of the stock purchase from the sale of the call option. In this question, we employ the covered call position by buying 10,000 shares of stocks and writing 10,000 call options on the same stock with strike price of either $90 or $100. Based on the information given in the template, calculate the profits from a covered call strategy using each call option. show the formula you use!