Spreads 1. Using your InteractiveBrokers paper portfolio account, log into TraderWorkstation. Like in the previous topic section, pick a stock that you have a strong conviction on (i.e., you really think it's going to go up or down). 2. Briefly describe whether you are bullish or bearish on it, and why. 3. Based on (2), execute a bull or bear spread. Tell use the strikes, premiums, and expiration dates involved. 4. Describe how this option strategy will make you money if the stock moves in the direction that you think it will. Specifically, calculate for us the breakeven point, maximum gain, and maximum loss. Combinations 1. Pick a stock that you think will increase in volatility (price uncertainty), relative to where it is now. (If you need an idea for a ticker, I'd suggest looking at stocks with upcoming earnings announcements). 2. Execute a long straddle: Tell us the strike, the total premium, and the breakeven points involved. At what price(s) will the stock need to move to in order for this strategy to make money for you? What's your maximum loss? 3. After describing the position in (3), show us a screenshot of your straddle position. Spreads 1. Using your InteractiveBrokers paper portfolio account, log into TraderWorkstation. Like in the previous topic section, pick a stock that you have a strong conviction on (i.e., you really think it's going to go up or down). 2. Briefly describe whether you are bullish or bearish on it, and why. 3. Based on (2), execute a bull or bear spread. Tell use the strikes, premiums, and expiration dates involved. 4. Describe how this option strategy will make you money if the stock moves in the direction that you think it will. Specifically, calculate for us the breakeven point, maximum gain, and maximum loss. Combinations 1. Pick a stock that you think will increase in volatility (price uncertainty), relative to where it is now. (If you need an idea for a ticker, I'd suggest looking at stocks with upcoming earnings announcements). 2. Execute a long straddle: Tell us the strike, the total premium, and the breakeven points involved. At what price(s) will the stock need to move to in order for this strategy to make money for you? What's your maximum loss? 3. After describing the position in (3), show us a screenshot of your straddle position