In Problems 1-4 the following table should be used: Problem 1: Betty is long 3,750 shares of XYZ and short 60 July 35 Calls and long 40 July 35 Puts. Use delta analysis to find the equivalent share position. Betty is a. long b. short (circle a. or b.) shares. Problem 2: Bob is short 50 July 35 Puts. If XYZ trades from 331/4 to 333/4 then, using delta and gamma analysis, find Bob's profit or loss, correct to 2 places after the decimal point. State your answer in total dollars. Bob a. profits b. loses m(circle a. or b.)! total dollars. Problem 3: Bertha is short 18,000 shares of XYZ and long 600 July 30 Puts. How many July 35 Calls should she buy or sell to be delta neutral? Bertha should a. buy b. sell (circle a. or b.) calls. Problem 4: Biff is long 50 July 35 Calls and long 40 July 30 Puts. How many shares of stock should he buy or sell and how many July 35 Puts should he buy or sell to be both Delta and Gamma Neutral? Biff should a. buy or b. sell shares of stock. Biff should a. buy or b. sell July 35 Puts. In Problems 1-4 the following table should be used: Problem 1: Betty is long 3,750 shares of XYZ and short 60 July 35 Calls and long 40 July 35 Puts. Use delta analysis to find the equivalent share position. Betty is a. long b. short (circle a. or b.) shares. Problem 2: Bob is short 50 July 35 Puts. If XYZ trades from 331/4 to 333/4 then, using delta and gamma analysis, find Bob's profit or loss, correct to 2 places after the decimal point. State your answer in total dollars. Bob a. profits b. loses m(circle a. or b.)! total dollars. Problem 3: Bertha is short 18,000 shares of XYZ and long 600 July 30 Puts. How many July 35 Calls should she buy or sell to be delta neutral? Bertha should a. buy b. sell (circle a. or b.) calls. Problem 4: Biff is long 50 July 35 Calls and long 40 July 30 Puts. How many shares of stock should he buy or sell and how many July 35 Puts should he buy or sell to be both Delta and Gamma Neutral? Biff should a. buy or b. sell shares of stock. Biff should a. buy or b. sell July 35 Puts