Part 2 (25 points) Using exhibit 2.5 (MSFT) Draw the profit diagram for, please list the strike prices used: Covered Call Covered Put Butterfly Condor Strangle Straddle

T Options for January, 24 2020, exhibit 2.5 Calls January 24, 2020 Puts Open Interest % Change Volume Open Interest Last Price 7.76 Change -0.30 % Change -3.72% Volume 2 Last Price 0.02 Change 0.00 0 Strike 31.00 31.50 32.00 0.05 0.00 0.00 0.02 33.00 0.02 0.00 0.00 5.35 +0.95 +21.59% 0.06 0.06 0.00 0.11 0.00 3.400.00 4.10 0.00 2.750.00 35.00 35.50 352 0.01 0.02 0.01 0.01 0.00 0.00 0.00 0.00 . 139 461 36.00 36.50 597 -15.27% -24.52% -30.38% 0.01 -0.01 937 110 675 0.02 0.00 1,665 2.64 2.22 1.57 1.10 0.95 0.64 0.23 0.04 +0.27 -0.40 -0.51 0.48 -0.17 +0.42 +0.18 0.00 3,016 37.50 38.00 38,50 39.00 4,959 -50.00% - -75.00% - +238.46% 0.02 0.03 0.44 6,104 -0.06 0.00 +0.31 2,373 72 532 876 1,260 1,536 15 - 442 9,078 1,575 3,098 7,445 4,811 447 3 7,553 39.50 0.60 -15.18% +190.91% +360.00% - - - -50.00% +100.00% +0.19 +46.34% 0.01 0.00 9,317 +44.44% 306 40.00 40.50 41.00 1.30 2.15 2.92 +0.40 0.00 0.00 541 0.01 0.01 0.02 0.02 0.01 0.00 -0.01 +0.01 0.00 0.00 253 41.50 732 42.00 3.87 0.00 43.50 44.00 5.56 0.00 0.02 0.00 44.50 - 46.00 7.44 0.00 469" 07 T Options for January, 24 2020, exhibit 2.5 Calls January 24, 2020 Puts Open Interest % Change Volume Open Interest Last Price 7.76 Change -0.30 % Change -3.72% Volume 2 Last Price 0.02 Change 0.00 0 Strike 31.00 31.50 32.00 0.05 0.00 0.00 0.02 33.00 0.02 0.00 0.00 5.35 +0.95 +21.59% 0.06 0.06 0.00 0.11 0.00 3.400.00 4.10 0.00 2.750.00 35.00 35.50 352 0.01 0.02 0.01 0.01 0.00 0.00 0.00 0.00 . 139 461 36.00 36.50 597 -15.27% -24.52% -30.38% 0.01 -0.01 937 110 675 0.02 0.00 1,665 2.64 2.22 1.57 1.10 0.95 0.64 0.23 0.04 +0.27 -0.40 -0.51 0.48 -0.17 +0.42 +0.18 0.00 3,016 37.50 38.00 38,50 39.00 4,959 -50.00% - -75.00% - +238.46% 0.02 0.03 0.44 6,104 -0.06 0.00 +0.31 2,373 72 532 876 1,260 1,536 15 - 442 9,078 1,575 3,098 7,445 4,811 447 3 7,553 39.50 0.60 -15.18% +190.91% +360.00% - - - -50.00% +100.00% +0.19 +46.34% 0.01 0.00 9,317 +44.44% 306 40.00 40.50 41.00 1.30 2.15 2.92 +0.40 0.00 0.00 541 0.01 0.01 0.02 0.02 0.01 0.00 -0.01 +0.01 0.00 0.00 253 41.50 732 42.00 3.87 0.00 43.50 44.00 5.56 0.00 0.02 0.00 44.50 - 46.00 7.44 0.00 469" 07