Suppоse yоu purchаse оne IBM Mаy 100 cаll contract at $9 and write (sell) one IBM May 110 call contract at $3. Describe the profit diagram associated with this strategy - what is it's shape or draw it (5 points) The maximum potential profit of your strategy is ________ if both options are exercised (i.e. if the stock price goes to 120). If, at expiration, the price of a share of IBM stock is $103, What is the maximum that you can lose with this position you have created- your profit would be: