1. Napoleon has been studying the Netflix company stock and has come to the conclusion that Netflix is currently overpriced. Napoleon would like to capitalize off of this potentially mispriced stock with options. Being risk averse, he has decided to execute a "bear spread with puts" rather than a more expensive strategy such as a simple "long put". Netflix is currently priced at $287.50. The most liquid puts currently available on Netflix are the following: Put X Put Premium $280.00 $8.00 $295.00 $17.00 a. Graph the expiration-day profit diagram for this strategy in Excel with stock prices ranging from $250 to 325? (30 points) b. What would be the break-even stock price for this bear spread strategy (i.e., at what stock price range is the strategy profitable)? (20 points)