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The following strategies were discussed in the lecture on options strategies. Given the following scenarios, indicate which strategy you would use and why. Strategies Protective Put Covered Call Spread Straddle Collar 1. You run a mutual fund and you have decided that the most that NRG stock is worth is $50 per share and you plan to sell the stock when it reaches that point. What option strategy could you take to make an additional profit on your planned trade? (3 points) 2. Hawk Technologies is a publicly-traded firm that is currently engaged in a lawsuit over its patents. If it wins the lawsuit, the stock price is expected to increase by 60%. If it loses the lawsuit, its stock price is expected to fall by 60%. Which option strategy would be the best strategy to make a profit from this situation? (3 points)