A six-month call with a strike price of $60 costs $6. A six-month put with a strike price of $40 costs $3. The current stock price is $50. A trader uses the options and stock to create a strategy that requires long 70 shares, short 100 call options, and long 100 put options.

1.What is the highest net profit of the traders position when the stock is below $20?

2.What is the lowest net profit of the traders position when the stock is below $30?

3.What is the highest net profit of traders position when the stock is between 50 and 80?

4.What is the maximum loss for the trader when the stock is below $50?