Spot VIX = 22.00

January VIX Future = 25.20

Calls	Strike	Puts
10.30	15	0.05
9.40	16	0.10
8.50	17	0.20
7.70	18	0.40
6.90	19	0.65
6.30	20	1.00
5.70	21	1.45
5.20	22	1.95
4.70	23	2.50
4.30	24	3.10
4.00	25	3.70
3.70	26	4.40
3.40	27	5.10
3.10	28	5.90
2.85	29	6.70
2.65	30	7.40

Using the quotes above, create two trades

1. A low risk option trade that makes a profit if spot VIX is unchanged between today and January expiration
2. A low cost option trade that makes money if VIX runs up to 30.00 at January expiration.

Share the trade structure, max gain, max loss, and profit expected based on the forecast for each trade.