A) Currently, a stock is trading for $ 50, while a one-month call option on that money is trading for $ 2. Suppose that during the next month the stock price can only increase to $ 55 or decrease to $ 45. Describe the payout and profit at maturity on a short call and a covered call. B) Suppose a put option at the price prior to 1 month is also trading at $ 2 (for simplicity). Describe the payout and payoff on a short put and a covered put option.