1. You buy a call option on a stock for $7 with a strike price of $60. The stock currently sells for $65. The stock goes up to $75. What is your net profit or loss? 2. You sell a put option on a stock...

1. You buy a call option on a stock for $7 with a strike price of $60. The stock currently sells for $65. The stock goes up to $75. What is your net profit or loss?

2. You sell a put option on a stock for $4 with a strike price of $30. The stock currently sells for $28. If the stock goes up to $35 what is your net profit or loss?