Question: V. (20 points) Speculation with Options As a trader, you become bullish on the Apple stock and decide to buy the following December call option

 V. (20 points) Speculation with Options As a trader, you become

V. (20 points) Speculation with Options As a trader, you become bullish on the Apple stock and decide to buy the following December call option on the stock: Strike price =$150/ Share; and Premium =$10/ Share Suppose the size of the option is one share. 2. Where is the break-even point? 3. Please draw a diagram to illustrate your payoff. Make sure to mark down the strike price, the break-even point, and the moneyness (in the money, at the money, and out of the money) in the diagram. 4. In addition to buying calls, can you mention two other option strategies to make money if you are bullish on the stock

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