# Question: 6 describe the payoff for the following options at expiration...

###### Question details

6. Describe the payoff for the following options at expiration of the option(s):

a. an owned call option on 50 units of the underlying asset with a strike price of 50.

b. a written put option on 100 units of the underlying asset with a strike price of 40.

c. a written call option on 100 units of the underlying asset with a strike price of 60.

d. a owned put option on 50 units of the underlying asset with a strike price of 50.

e. a portfolio of options consisting of each of a through d above.

(You may describe the payoffs on these using tables or diagrams. I have a slight preference for diagrams because of the next question.)