Use the following scenario to answer Parts $($a$)-($d$)$

Vanessa has decided to purchase $13$ Boeing Co $($BA$)$ call options with a strike price of $$175$ for a premium of $$28\mathrm{.}42$ Simultaneously, Vanessa writes $($sells$)13$ BA call options with a strike price of $$190$ for a premium of $$14\mathrm{.}24.$

$($a$)$ What is the name of the strategy that Vanessa has employed? No explanation is required. $[2$ Points$]$

$($b$)$ What would be Vanessa's total profit if the price of BA stock is at $$108\mathrm{.}42?[4$ Points$]$

$($c$)$ What would be Vanessa's total profit if the price of BA stock is at $$240\mathrm{.}48?[5$ Points$]$

$($d$)$ What is the maximum potential profit from this strategy? $[3$ Points$]$

Use the following scenario to answer Parts $($e$)-($g$)$

Suppose that Leslie purchases $3500$ shares of Ulta Beauty, Inc. $($ULTA$)$ for $$514\mathrm{.}94$ and simultaneously she buys $35$ put options that has a strike price of $$505$ for $$17\mathrm{.}38.$

$($e$)$ What is the name of the option strategy employed by Leslie? $[2$ Points$]$

$($f$)$ Calculate Leslie's total profit $($or loss$)$ if the price of ULTA shares falls to $$499.[6$ Points$]$

$($g$)$ What is the maximum loss that Leslie can earn from this option strategy? $[3$ Points$]$