An investor has exchange-traded put options to sell 100 shares for $30. There is 20% stock dividend. Which of the following is the position of the investor after the stock dividend?

Question 1 options:

Put options to sell 100 shares for $20

Put options to sell 120 shares for $25

Put options to sell 125 shares for $25

Put options to sell 125 shares for $16

Question 2(3 points)

A trader creates a long butterfly spread from options with strike prices $60, $65, and $70 by trading a total of 4 stock options. The options are worth $12, $14, and $18 respectively. Under what range of final stock prices will the trader have a net gain?

Question 2 options:

When the final stock price is between $62 and $68

When the final stock price is between $63 and $67

When the final stock price is below $63 or above $67

When the final stock price is below $62 or above $68