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Consider the situation where a put option on Apple, Inc. (AAPL) stock with a strike price of USD 135 can be bought from or sold

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Consider the situation where a put option on Apple, Inc. (AAPL) stock with a strike price of USD 135 can be bought from or sold to Bank of America for USD 6.25, and an AAPL put with the same maturity but with a strike price of USD 145 can be bought from or sold to HSBC for USD 6.25. If you plan to hold the options to maturity: (a) Devise a zeronetinvestment arbitrage strategy (you use the premium from selling one option to buy the other) to exploit the pricing anomaly. (b) Draw the payoff diagram for your position at maturity. (c) What is the name of your position

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