#1--Shawna purchases a put option for a premium of $5, with an exercise price of $31. The stock is presently priced at $29, and rises to $32 before the expiration date. What is the stock price at which Shawna would break even?
#2-Henry purchased a call option with an exercise price of $45 for a premium of $5. Before the option expired, the stock price rose to $52 and Henry exercised his option. What was the return (not annualized) to Henry?