Problem 2. After structuring three over-the-counter derivatives contracts on Apple stock for clients, your bank ends up with a portfolio as displayed in the table below, where the delta and gamma are the Greeks for the long position of a contract or security for one share of Apple. The option listed in the last column is a security the bank can trade in the market along with Apple stock X Security Home-Call Wakeup-Call Stay-Put Apple Stock Out-Put Position -4000 -3000 -2000 Delta 0.4 -0.5 1 -0.1 Gamma 1.0 2.0 3.0 4.0 0.6 0 (a) What are the delta and gamma of this portfolio? If Apple stock price suddenly jumps up by fifty cents, what will be the gain or loss of the portfolio? Problem 2. After structuring three over-the-counter derivatives contracts on Apple stock for clients, your bank ends up with a portfolio as displayed in the table below, where the delta and gamma are the Greeks for the long position of a contract or security for one share of Apple. The option listed in the last column is a security the bank can trade in the market along with Apple stock X Security Home-Call Wakeup-Call Stay-Put Apple Stock Out-Put Position -4000 -3000 -2000 Delta 0.4 -0.5 1 -0.1 Gamma 1.0 2.0 3.0 4.0 0.6 0 (a) What are the delta and gamma of this portfolio? If Apple stock price suddenly jumps up by fifty cents, what will be the gain or loss of the portfolio