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Optional Extra-Credit Question. (8 points). On December 21, 2021, you purchased 5,000 shares of ABC company at $30 per share. You plan to sell your

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Optional Extra-Credit Question. (8 points). On December 21, 2021, you purchased 5,000 shares of ABC company at $30 per share. You plan to sell your shares on December 21, 2022 and are concerned about downside risk. A put option on ABC stock with an exercise price of $50 is currently priced (P) at $2 per share. Also, two call options on ABC stock with exercise prices of $50 and $55 are priced (C) at $2 and $1.5 per share, respectively. All options expire on December 21, 2022. a. Show the net profits/losses of the following positions on a per share basis. Possible ABC Stock Prices on December 21, 2022 $10 $20 $40 $55 $70 $90 Position profits/losses 1. Long stock (So=$20) 2. Long put (K=$50, P=$2) 3. Long Call (K=$55, C=$1.5) 4. Long call (K=$50, C=$2) 5. Protective put 6. Long collar (use K=$55 call) 7. Long strip 8. Long strap 9. Bull call spread

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