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(a)Due to the bullish trend of the market in underlying stock Of option which is trading at $75. Based on the market estimate you opt

(a)Due to the bullish trend of the market in underlying stock Of option which is trading at $75. Based on the market estimate you opt for one call option with strike price of $70 and selling at S7.5, and one short call option with a strike price of $80 and selling at S3. The expiration on both cases is 6 months.

a.What should be your strategy under the such scenario explain?

b.What would be the position at the expiration and what would be the value the profit if price is S79, $88, and S70

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