You own a stock with a current price of $150 per share. The following options are available on this stock A six-month call option with an exercise price of $130 is selling for $23. A six-month call option with an exercise price of $150 is selling for $12. A six-month call option with an exercise price of $170 is selling for $4. A six-month put option with an exercise price of $130 is selling for $3. A six-month put option with an exercise price of $135 is selling for $4. A six-month put option with an exercise price of $170 is selling for $22. a. 1. How would you construct a butterfly spread to profit from large movements in stock price? ii. What is the maximum gain possible in 6 months? iii. What is the maximum loss possible in 6 months? iv. What is the breakeven stock price (or prices)? b. 1. How would you construct a straddle to profit from large movements in stock price? ii . What is the maximum gain possible in 6 months? iii. What is the maximum loss possible in 6 months? iv. What is the breakeven stock price (or prices)? You own a stock with a current price of $150 per share. The following options are available on this stock A six-month call option with an exercise price of $130 is selling for $23. A six-month call option with an exercise price of $150 is selling for $12. A six-month call option with an exercise price of $170 is selling for $4. A six-month put option with an exercise price of $130 is selling for $3. A six-month put option with an exercise price of $135 is selling for $4. A six-month put option with an exercise price of $170 is selling for $22. a. 1. How would you construct a butterfly spread to profit from large movements in stock price? ii. What is the maximum gain possible in 6 months? iii. What is the maximum loss possible in 6 months? iv. What is the breakeven stock price (or prices)? b. 1. How would you construct a straddle to profit from large movements in stock price? ii . What is the maximum gain possible in 6 months? iii. What is the maximum loss possible in 6 months? iv. What is the breakeven stock price (or prices)