$,$ consider the following option prices:

Exercise Price Call Price Put Price

$1208\mathrm{.}752\mathrm{.}75$

$1255\mathrm{.}754\mathrm{.}60$

$1303\mathrm{.}607\mathrm{.}35$

Current price of the underlying stock $=125\mathrm{.}94$

For each option strategy derive the maximum profit $($s$),$ maximum loss$($s$)$ and breakeven stock prices. Graph the position with all max loss, max profits and break$-$evens labeled.

$5.)$ Construct a protective put using the put with $125.$

$6.)$ Construct a bull call spread using the calls with the $120$ and $130$ exercise prices.

$7.)$ Construct a bear put spread using the puts with the $120$ and $130$ exercise prices.

$8.)$ Construct a long straddle using the $125$ put and call.

$9.)$ Construct a long strangle using the $120$ put and the $130$ call.

$10.)$ Construct a butterfly spread.