1. You buy a share of Texaco stock for 60, and a six-month call option at 65 for 2.32. You sell a six month put option at 55 for 1.493. You hold your portfolio until the expiration date. On the expiration date you cash out your portfolio. Graph the profits of your strategy as the price of Texaco stock at the expiration date goes from 40 to 80. Profits equal the amount you receive at the expiration date for cashing out your portfolio minus the amount you paid for the portfolio.