Please give detailed explanation of the answer along with the graphs and pay off / profit tables.

MS Shate prices shown below at the close of every 10 days. Assuming an investor owns 10,000 shares of MS on Day 0 . Design a strategy to maximize the net value of the portfolio. Assume: Call / Put option contracts are $20/$18, respectively, with strike price of $210. Calculate equity value (no hedge: Flat) for both paths. Calculate portfolio values of each path by adding call/put options: Nc/Np: 100/0,75/25,50/50,25/75,0/100 Probability of possible market moving u/d(u+d=1):1.0/0,0.75/0.25,0.50/0.50,0.25/0.75,0/1.0 Plot the results