5. Form profit and loss diagrams of the following options positions. Assume that all the positions have the same underlying asset and the same expiration date. Assume put option price of $50
   1. Long a call with a strike price of $50 and long a put with a strike price of $50.
   2. Long a call with a strike price of $50 and long a put with a strike price of $40.
   3. What would the diagrams of each of the preceding positions be if the long positions were changed to short positions?