| Expiration Date Sophia Stock Price (S) | Expiration Date Derivative Payoff | Initial Derivative Premium | Combined Terminal Position Value |
| $25 | $25 | 0 | $50 |
| $30 | $20 | 0 | $50 |
| $35 | $15 | 0 | $50 |
| $40 | $10 | 0 | $50 |
| $45 | $5 | 0 | $50 |
| $50 | $0 | 0 | $50 |
| $55 | ($5) | 0 | $50 |
| $60 | ($10) | 0 | $50 |
| $65 | ($15) | 0 | $50 |
| $70 | ($20) | 0 | $50 |
| $75 | ($25) | 0 | $50 |
| Expiration Date Sophia Stock Price (S) | Expiration Date Derivative Payoff | Initial Derivative Premium | Combined Terminal Position Value |
| $25 | $25 | ($3.23) | $46.77 |
| $30 | $20 | ($3.23) | $46.77 |
| $35 | $15 | ($3.23) | $46.77 |
| $40 | $10 | ($3.23) | $46.77 |
| $45 | $5 | ($3.23) | $46.77 |
| $50 | | ($3.23) | $46.77 |
| $55 | | ($3.23) | $51.77 |
| $60 | | ($3.23) | $56.77 |
| $65 | | ($3.23) | $61.77 |
| $70 | | ($3.23) | $66.77 |
| $75 | | ($3.23) | $71.77 |
| Expiration Date Sophia Stock Price (S) | Expiration Date Derivative Payoff | Initial Derivative Premium | Combined Terminal Position Value |
| $25 | | $5.20 | $30.20 |
| $30 | | $5.20 | $35.20 |
| $35 | | $5.20 | $40.20 |
| $40 | | $5.20 | $45.20 |
| $45 | | $5.20 | $50.20 |
| $50 | | $5.20 | $55.20 |
| $55 | ($5) | $5.20 | $55.20 |
| $60 | ($10) | $5.20 | $55.20 |
| $65 | ($15) | $5.20 | $55.20 |
| $70 | ($20) | $5.20 | $55.20 |
| $75 | ($25) | $5.20 | $55.20 |
biscuit2016
week_8_20a-c.xlsx
