'SPY" is an ETF following the S&P500, considered to a proxy for the "market portfolio". Go to one of the financial sites and gather information (current information, could be at any point of time during the defined 72 hours of the exam): SPY price, a price of a CALL option with an exercise price of 345 a price of a PUT option with the same exercise price and for the same expiration date. You can choose any expiration date. 4 Check if the PCP holds for these options prices. * Use B&S calculator (appears in many financial sites and also given in the course site) to find estimated values for these Greeks: Delta, Gamma, Vega, Theta. Note: you should change the relevant parameter and see the effect on the option's price, and by that to estimate the value for the Greek. * Suggest a strategy using these two Call and Put options for which Delta is positive and Vega is positive. Explain your choice. If there is not any strategy fulfilling the requirements - explain why. Suggest a strategy using these two Call and Put options for which Delta is negative Vega is zero. Explain your choice. If there is not any strategy fulfilling the requirements - explain why. Suggest a strategy using these two Call and Put options for which the value (price) of this strategy is negative, the strategy's value is positively correlated with the VIX, and Delta is negative. Explain your choice. If there is not any strategy fulfilling the requirements - explain why. 'SPY" is an ETF following the S&P500, considered to a proxy for the "market portfolio". Go to one of the financial sites and gather information (current information, could be at any point of time during the defined 72 hours of the exam): SPY price, a price of a CALL option with an exercise price of 345 a price of a PUT option with the same exercise price and for the same expiration date. You can choose any expiration date. 4 Check if the PCP holds for these options prices. * Use B&S calculator (appears in many financial sites and also given in the course site) to find estimated values for these Greeks: Delta, Gamma, Vega, Theta. Note: you should change the relevant parameter and see the effect on the option's price, and by that to estimate the value for the Greek. * Suggest a strategy using these two Call and Put options for which Delta is positive and Vega is positive. Explain your choice. If there is not any strategy fulfilling the requirements - explain why. Suggest a strategy using these two Call and Put options for which Delta is negative Vega is zero. Explain your choice. If there is not any strategy fulfilling the requirements - explain why. Suggest a strategy using these two Call and Put options for which the value (price) of this strategy is negative, the strategy's value is positively correlated with the VIX, and Delta is negative. Explain your choice. If there is not any strategy fulfilling the requirements - explain why