The S&P 500 is currently valued at 3,600. Roberts advisors have convinced him that the market is about to experience a period of considerably high volatility as the S&P 500 index might go up or down by more than 30% in the next couple of months.

A. Define one option strategy that Robert can use to exploit this prediction.

B. Describe in detail the gains and losses of this strategy using a recent option chain from Yahoo finance. Present the option chain that you chose and use graphical analysis to show how your profits vary with different S&P 500 levels.