Finish Questions 6-8 based on the information: S0=120,=0.45,r=6%,=0. 6. A market-maker sells 250 put options with strike price 110 and time to maturity is 90 days. Create a hedge portfolio using the Delta hedging strategy. 7. On the next day, the stock price increases to $121. Compute the overnight profit/loss. 8. Please describe the actions needed to rebalance the hedging portfolio. Given S0=50,=0.3,r=4%,=0, a market maker sells 100 bull spread consists of 48strke calls and 52-strke calls with 91 days to maturity. What investment is required for deltahedging the position. Finish Questions 6-8 based on the information: S0=120,=0.45,r=6%,=0. 6. A market-maker sells 250 put options with strike price 110 and time to maturity is 90 days. Create a hedge portfolio using the Delta hedging strategy. 7. On the next day, the stock price increases to $121. Compute the overnight profit/loss. 8. Please describe the actions needed to rebalance the hedging portfolio. Given S0=50,=0.3,r=4%,=0, a market maker sells 100 bull spread consists of 48strke calls and 52-strke calls with 91 days to maturity. What investment is required for deltahedging the position