The table below contains the current prices for calls and puts with various strike prices and a stock currently priced at $132.

Calculate each options Intrinsic Value, Time Value, upper and lower bounds. (For this part assume the options are American)

IV TV upper bound (In $s) lower bound (in $s)

$125 Strike Call ______ _______ _______________ ______________

$125 Strike Put ______ _______ _______________ ______________

$130 Strike Call ______ _______ _______________ ______________

$130 Strike Put ______ _______ _______________ ______________

$135 Strike Call ______ _______ _______________ ______________

$135 Strike Put ______ _______ _______________ ______________

Assume on expiration the stock trades at $125.75. Assume each option above had both a buyer and seller at the prices listed in the table. Given where the stock ended up trading at expiration, give me the payoff/payout and profit/loss for each trader on a per share basis. Do not factor in any interest earned or forgone.

Buyer Seller

Payoff Profit/Loss Payout Profit/Loss

$125 Strike Call ______ ___________ _______________ ______________

$125 Strike Put ______ ___________ _______________ ______________

$130 Strike Call ______ ___________ _______________ ______________

$130 Strike Put ______ ___________ _______________ ______________

$135 Strike Call ______ ___________ _______________ ______________

$135 Strike Put ______ ___________ _______________