1. Delta Neutrality: Based on the stock portfolio below, use options to build a delta neutral portfolio, keeping the long equity positions as is. NOTE: If an option is a short call or a long put, be sure to remember that these positions have negative delta.

	UNDERLYING	PRICE	OPTION	PRICE	OPTION DELTA	Options in short
400	Acadia Pharma (ACAD)	$26.60	18 Apr 2019 25 call	$3.70	.65	6
30	Netflix Inc. (NFLX)	$357.32	17 May 2019 380 put	$36.95	-.60	-5
100	Proctor & Gamble Co. (PG)	$98.44	5 Apr 2019 95 call	$4.35	.75	1
75	IBM (IBM)	$139.20	5 Apr 2019 137 put	$4.30	.61	1
500	Pure Storage Inc. (PSTG)	$20.86	17 May 2019 22.5 call	$.95	.38	13
165	ZScaler, Inc (ZS)	$60.80	20 Dec 2019 50 call	$17.70	.75	2