1. You take a long position in one XYZ October 55 put contract for a premium of $1.81. You hold the option until the expiration date, when XYZ stock sells for $55 per share.
What is your profit on this investment on a per share basis?
2. You write one ABC August 85 call contract for a premium of $3.97. The option is held until the expiration date, when ABC stock sells for $88 per share.
What is your total profit on this investment?