For each event, describe what you think would happen to the premium for both an at-the-money call option and an at-the-money put option on a stock. a.[5] The stocks price rapidly jumps 10%.b.[5] A week passes with very little change to the stocks price.c.[10] The spread of COVID-19 creates high volatility for the stock (though on average the price is largely in line with the pre-COVID trend).d.[Extra Credit, 5] The firm issues an earnings report which has no impact on the spot price (i.e. in line with expectations).