. Draw payoff diagrams at maturity for the following:

1. Selling a call option with an exercise price of $40.

2. Buying a put option with an exercise price of $30.

3. Buying a call option with an exercise price of $50.

(4) Selling a put option with an exercise price of $20.

(5) Buying a put option with an exercise price of $30 and buying a call option with an

exercise price of $30

(6) Buying a put option with an exercise price of $40 and buying an underlying stock.