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Information: The Tesla stock (TSLA) is in the spotlight these days. At the end of Wednesday, September 9, 2020 The TSLA 800 Call option expiring

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Information: The Tesla stock (TSLA) is in the spotlight these days. At the end of Wednesday, September 9, 2020 The TSLA 800 Call option expiring on 09/18/2020 (i.e., in nine days) was traded at $0.17/share. The TSLA 200 Put option expiring on 09/18/2020 was traded at $0.47/share. TSLA stock price was closed at $366.28 on 09/09/2020. Question 1 (0.5 points) Question 1 (0.5 point): Why are there people buying the TSLA 800 call option for $0.17/share? Under what condition will these call option buyers earn a profit? Question 2 (0.5 point): Why are there people selling the TSLA 200 put option for $0.47/share? Under what condition will these put option sellers earn a profit? Question 3 (1 point): Please compare the two option trading strategies: buying 800 call versus selling 200 put. What's the advantage and disadvantage of each strategy? Are they bullish or bearish strategies

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