The graph above is the one from question #5 that they want refered to

1. Consider the theoretical value line that you created in Q#5 above. Using that as a supporting graphic tool, explain the concepts of and . What are they, how do they behave across the different values of S₀ at any point in time, and how do they behave relative to the property of convergence?

2. Once again using the theoretical value line from Q#5, explain the concepts of and vega. How do they behave across different values of S₀ at any point in time? How does the value of behave over time?

TOS Risk Profile - GM $350.00$300.00$250.00$200.00$150.00$100.00$50.00$$(50.00)$(100.00)$(150.00) P\& Net Intrinsic