Use the following chart to answer the following questions, related to an option or option strategy:

Stock Price 10 12 14 16 18 20 22

Gain. -3.50 -1.5 0.5. 0.50. -1.50 -3.50. -5.50

6a. If this is a single option, what type of option (put or call)? If more than one option is involved, what kind of strategy would have this payoff?

6b.What is/are the strike price(s) of the option(s) involved?

6c. What is/are the breakeven point(s)?

6d. What is the max gain and what price must the stock be at, to make this max gain?

6e. What is the maximum possible loss given an increase in the stock's price? A decrease?

Explain your answer