1. An investor sells a call and put option simultaneously. The strike price of both options is 67$. The put costs a premium of 3.50$ while the call costs $2.75. Each option contract is for 100 shares.
   1. What kind of strategy is this investor using?
   2. What is the total net outlay for building this strategy?
   3. At which future spot prices is this strategy profitable?
   4. Suppose the underlying spot price is $72 at the time of expiration. What will happen now, and what is the profit to the investor?
   5. Draw the profit diagram of this strategy.
   6. What outlook would this investor have regarding the prices of the underlying asset until expiration?