$1($a$).$ Stock prices can go up to $$1,240$ or more or down to $$1,125$ or less, but you are unsure about the direction. Identify at least two option strategies that you consider helpful in such a situation. Consider the following three strike prices $$1,125,$ $$1,220,$ and $$1,240$ when answering the question. Identify the strike prices for each relevant strategy as well.

$1($b$).$ Calculate the outcomes of both strategies if the GOOG stock on September $20,2019,$ turned out to be $$1,400$ or $$1,000.$ Which strategy do you feel better?