17. You have the following information: Put: X=$40, Premium=$4 Call: X=$50, Premium=$6 You bought the stock at $45 Scenarios: S=20, S=45, S=90 Given above information, please calculate the net payouts for a protective put strategy for each different scenario. (Points : 4)

-$9, -$4, $41 $25, $0, $0 -$5, $-9, $0 $16, -$4, $45

Question 18. 18. You have the following information: Put: X=$40, Premium=$4 Call: X=$50, Premium=$6 You bought the stock at $45 Scenarios: S=20, S=45, S=90 Given above information, please calculate the net payouts for a covered call strategy for each different scenario. (Points : 4)

$6, $6, $11 $6, $0, $51 -$19, $6, $11 -$19, $6, $51 -$6, -$6,$45

Question 19.19. You have the following information:

Put: X=$40, Premium=$4

Call: X=$50, Premium=$6

You bought the stock at $45

Scenarios: S=20, S=45, S=90

Given above information, please calculate the net payouts for a collar strategy for each different scenario.

(Points : 4)

-$3, $2, $7 -$9, $6, $11 $16, $2, $52 -$4, $0, $6