30. What securities would you need to buy and sell in order to create a covered call? 31. What does a protective put strategy protect against? 32. If you created a straddle with the following attributes, what is the value of your portfolio on the exercise date? What is your profit? Strike Price of the Call Option = $60 Strike Price of the Put Option=$60 Call Premium=$11.50 Put Premium=$5.80 Stock Price on the expiration date=$86