please answer all of this and make sure to include the second sheet graphs. thank you!

- Anntaliced Volatility =35x + Ortion Fipiration 4/90/2024 - Ahis Free Fote 2X - Armual Hoerowne Cost - 68 - Strke.Price - 50 - Number or Shares =10,000 No transaction costs and 365 aien in a vear flor hterest and purposest You task s to sitwalte a delta neutral porticlio, You must resort. - The tocal namber of shares purchand/vold each dar - The deila of the ention - The toev percel atter the hedes. Hints. - Whe formulas to calcalate the Dela for each dar. Your Gonde will be determined by the following - The total payotf after the hedge. - A graph stowine the ret payorf of the short cat position as well as the payolf of the long stoxk pouticos daly. Hints - Une farnuias to calculase the Deta for esch day Vour Grade will be determined by the following 1. Mour ability to compute delta. 2 Your abilty to compute the tocal mumber of thares purchased/sold each day. 3. Yout graph showing the protit and foss from the cotion porttolia, and the stock porticlio. 4. The calculation of the totar paryolt. I. in 150 words, explain what delta hedging is and why and inwestor would use it. TEMPLATE A Annualized Velitier =354 Optisen Cupiration 4/00/260 s Hisk Free Rate s 26 . Annual Dorrowing Cont =85 input Data Exerche Price of Option (EX) Compounded Rink-fies internt kale uf Standaed Deviution (annualied s) 50 0,02 ats Date Undertvene Price (3) Cal Option hice (1) Call Optien Deha (2) In of spodi keeviets (in) Fermulas 2/20/2004 49 tovite" to,000 Phont frem Optan (4) thoft fraen Colume (1) 5