Chipotle $($CMG$)$ is currently trading at $$1167/$share$.$ You heard someone say there was another e$.$ coli outbreak at one of their restaurants. Hoping to make a quick profit you short a $2-$ day call option with a strike price of $$1160/$share for a price of $$13\mathrm{.}00/$share$.$ Assume a $3\mathrm{.}5\%$ interest rate per annum.$$ a$)$ Draw a payoff and profit diagram of this position. Indicate your breakeven point with axis. b$)$ To your horror, over the next two days CMG jumps to $$1175/$share$.$ What is your total profit or loss? Solve a & b$$