need both

9. A trader buys a put option with a strike price of $80 and sells a put option with a strike price of $100. The options have the same underlying asset and maturity. Describe the trader's position. What is the advantage to making such a trade? 10. A trader buys a put option with a strike price of $100 and sells a put option with a strike price of $120. The options have the same underlying asset and maturity. Describe the trader's position. What is the advantage to making such a trade