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Profit (5) 14,000 12,000 X B In the diagram to the right, the payoff for the buyer of a put option is shown Using the

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Profit (5) 14,000 12,000 X B In the diagram to the right, the payoff for the buyer of a put option is shown Using the line drawing tool draw the payoff relationship for the underlying futures contract. Label this line 'Futures' Carefully follow the instructions above, and only draw the required object The owner of this put is in the money at a futures price below: si 10,000 8,000 6,000 D 4,000 2,000 E 0- 105 10 +25 130 135 140 -2,000- 4151 120 F Buyer of a Put 4,000-4

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