2. You have been provided the following data on BCE stock options for January 3, 2021. JAN 3, 2021: BCE stock price $36.0 T Exercise Price JANE BID CALLS FEB MAY JAN ASK BID ASK BID ASK BID 4.60 4.852 0.10 1.952 2.25 2.45 3.05 3.20 0.65 0.65 21.00 1.154 1.80 2.000 2.00 -- 0.30 0.50 1.00 1.152 32.52 35.00 37.5e 40.02 PUTS FEB MAY ASK BID ASK BID ASKE 0.30 1.05 1.25 0.854 2.00 2.20 2.20 3.30 3.50 -- 4.90 5.2007 1.80 0.60 g. Suppose you are expecting the stock price to move substantially over the next four months. You are considering a butterfly spread using May35/37.5/40 calls. 1. What is the appropriate strategy for such spread?- 2. Determine the net profits at expiration given the following prices: Sz= 20, 25, 30, 35, 40, 45, 50.- w ? ? ? ? ? ? ? 3. Graph the results and determine the break-even level(s) of stock price. e 2. You have been provided the following data on BCE stock options for January 3, 2021. JAN 3, 2021: BCE stock price $36.0 T Exercise Price JANE BID CALLS FEB MAY JAN ASK BID ASK BID ASK BID 4.60 4.852 0.10 1.952 2.25 2.45 3.05 3.20 0.65 0.65 21.00 1.154 1.80 2.000 2.00 -- 0.30 0.50 1.00 1.152 32.52 35.00 37.5e 40.02 PUTS FEB MAY ASK BID ASK BID ASKE 0.30 1.05 1.25 0.854 2.00 2.20 2.20 3.30 3.50 -- 4.90 5.2007 1.80 0.60 g. Suppose you are expecting the stock price to move substantially over the next four months. You are considering a butterfly spread using May35/37.5/40 calls. 1. What is the appropriate strategy for such spread?- 2. Determine the net profits at expiration given the following prices: Sz= 20, 25, 30, 35, 40, 45, 50.- w ? ? ? ? ? ? ? 3. Graph the results and determine the break-even level(s) of stock price. e