7) Draw a hockey stick diagram for a short position in the Dec. 20 FB 190 call.

8) Draw a hockey stick diagram for a long position in the Dec. 20 200 put.

On Wednesday, Nov. 13, 2019, Facebook stock (symbol FB) closed at $193.21 a share, down $1.28 on the day. Consider the following chart giving the premium as of close of trading on that day on various options on Facebook shares: FB (FACEBOOK INC) Nov 13, 2019 @ 18:36 ET (Delayed) LAST 193.21 CHANGE -1.28 (-0.66%) Calls Last Net 11.16 -1.14 7.8 -0.95 5.1 -0.75 3.02 -0.605 BID 193.2 ASK 193.31 VOL 10,998,531 12/20/2019 Puts Bid Ask Vol Strike Last Net 11.15 11.3 183 FB 185.000 2.64 +0.235 7.75 79 6,556 FB 190.000 4.2 +0.325 5 5.1 1,882 FB 195.000 6.5 +0.55 2.99 3.05 5,285 FB 200.000 9.4 +0.65 Bid Ask 2.61 2.69 4.15 4.3 6.4 6.55 9.35 9.55 Vol 328 7,813 600 155