1. Trader Joe creates the following option strategy. Joe sells a call option (CALL OPTION 1) with a strike of $49 with premium $4.60. Joe sells a put option (PUT OPTION 1) with strike $49 and premium $3.63. These options are over the same share and with the same maturity The initial income from setting up this strategy is $ Give your answer correct to two decimal places, or your answer will be incorrect. 2. The breakeven share prices for the strategy are: The lower one is $ the higher one is $ Give your answer correct to two decimal places, or your answer will be incorrect. 3. This strategy is called a - 4. Trader Joe thinks about the strategy he has set up and decides he is worried about the losses when the share price drops. He decides to fix this by purchasing a put option (PUT OPTION 2) over the same shares with a strike price of $41 and a premium of $0.88. After implementing this strategy now Trader Joe is short a call option with K=$49, short a put option with K=$49, and long a put option with K=$41, and he is satisfied with the risk profile of this strategy. Trader Joe must think that a share price decline is than a share price increase. 5. The maximum loss that Joe makes on the overall strategy when PUT OPTION 2 finishes in the money is $ Do not include the sign of your answer. Do not include the $ sign. Write your answer to two decimal places. 6. The lower breakeven point for the overall strategy is now $ Write your answer to two decimal places