Copy and paste your 4 graphs into Word (label everything) along with a short paragraph for each explaining the option position. Identify the strike price and premium for each of the options.

Go to Yahoo! Finance and choose a stock; find calls and puts under Options. Construct a profit chart for each of the following:

1. buy call (you need a strike price and the premium that goes with it (use the last price column for the premium))

2. sell put (you need a strike price and the premium that goes with it (use the last price column for the premium))

3. covered call using the current price as the purchase price for the stock; you also need a strike price and premium for the call

4. protective put using the current price as the purchase price for the stock; you also need a strike price and premium for the put