1. Use Tesla's information below to answer this question:

Tesla Inc (TSLA)	2/27/23	Stock P = 207.63
Strike Price	Days	Call	Put
185	32	30.40	6.90
190	32	26.90	8.45
195	32	23.70	10.15
185	53	35.25	11.10
190	53	32.00	12.90
195	53	28.95	14.85

1. For rows 13, why do the premiums for the call option fall, while those for the put option rise?
2. Why are the premiums in rows 46 higher than those in rows 13 for both calls & puts?
3. Compare the call option premiums and the put option premiums. Why do you think they differ so such an extent?
4. Suppose you purchase the call option with a strike price of 190 (expiration in 32 days) today.Would you exercise this option at expiration if, at that time, the stock price is 215? Find your profit/loss, and your rate of return on investment.
5. Suppose you purchase the put option with a strike price of 190 (expiration in 32 days) today.Would you exercise this option at expiration if, at that time, the stock price is 215? Find your profit/loss, and your rate of return on investment.