Suppose you believe strongly that crude oil prices are going to rise significantly in coming months. Explain how you would use options to make a bet on that belief in such a way that your upside risk (potential for positive profit) is essentially unlimited, while your downside risk (potential for negative profit) is limited to approximately $5 per bbl. Create one chart showing the payoff to each position you take (if you take more than one) and another chart showing the payoff to the combined position. Be sure to take into account the premium cost associated with holding any options and the premium revenue associated with writing any options. Make reasonable assumptions about strike prices and how premia are related to strike prices (as discussed in class). Add notes to your worksheet to explain what you are doing.