You are holding 100 shares of a firm which you are worried might drop in value over the next three months. You want to protect the value of your investment, so you decide to purchase a 90-day put option at the stock's current market rate of $144 per share. The option itself costs $350. Scenario 1: By the end of the 90 days, your stock ended up increasing in value to $148.50 per share. What is your net profit/loss in this case? Will you exercise your option in this case? Scenario 2: Over the course of the past 90 days, bad market conditions hurt the entire industry, and now your stock is only worth $126 per share. What is your net profit/loss in this case? Will you exercise your option in this case? A broker is selling options for a certain stock to customers in the market. Each option sells for a premium of $150 at the strike price equal to the stock's current market price, $17. What happens in these two scenarios? Scenario 1: The broker sells four 30-day put options at the current market strike price. After 30 days has passed the stock is now worth $19.50 per share. What is the Net Profit/Loss for the broker? Scenario 2: The broker sells two 30-day put options at the current market strike price, After 30 days has passed the stock is now worth $14 per share. What is the Net Profit/Loss for the broker