Suppose that the current market price of the stock of Company X is $ $872.$ Suppose that you expect that the news release by Company X will cause at least ca $10\%$ movement in the market price of its stock by Aug. $23$rd$,2024.$ However, you are not sure whether there will be a downward adjustment or an upward adjustment of the market price. Suppose that the call and the put options, which are available on the market and can be used for the construction of trading strategy, are following: Company X$\text{'}$s stock: Call Options, Expire on Aug$\mathrm{.}23,2024$ Company X$\text{'}$s stock: Put Options, Expire on Aug$\mathrm{.}23,2024$ Call Option Put Option Strike Bid Ask Strike Bid Ask $78588\mathrm{.}3090\mathrm{.}607851\mathrm{.}201\mathrm{.}808756\mathrm{.}506\mathrm{.}9087522\mathrm{.}1022\mathrm{.}709601\mathrm{.}301\mathrm{.}4096087\mathrm{.}6089\mathrm{.}50$ Briefly describe a trading strategy involving the call and $($or$)$ put option that accounts for this expectation. Use graph to demonstrate the payoffs from each instrument and from overall position. Identify clearly which line in the graph describes the payoff from respective instrument. Identify numerical values of the break$-$even prices of each instrument as well as of the overall position. Create a table, which outlines the profit from each of the instruments used and from the overall portfolio at the date of expiry of options. Please calculate the profit for the following prices of underlying security: $$750,$ $$800,$ $$850,$ $$900,$ $$950.$