What are the intrinsic values and time premiums of the following call options if the price of the underlying stock is $35? What are the profits and losses to the buyers and the writers if the stock sells for $31 at the options' expiration?

           Strike Price         Price of the Option
             $30                          $7.50
             $35                         $3.00

Question

What are the intrinsic values and time premiums of the following call options if the price of the underlying stock is $35? What are the profits and losses to the buyers and the writers if the stock sells for $31 at the options' expiration? 
 
           Strike Price         Price of the Option 
             $30                          $7.50 
             $35                         $3.00

Quizplus · Accepted Answer

The Answer of What are the intrinsic values and time premiums of the following call options if the price of the underlying stock is $35? What are the profits and losses to the buyers and the writers if the stock sells for $31 at the options' expiration? 
 
           Strike Price         Price of the Option 
             $30                          $7.50 
             $35                         $3.00

What Are the Intrinsic Values and Time Premiums of the Following