Your team manages 2 billion baht of BXG Gold Fund. Due to the uncertainty of Trade War, the market anticipates that gold price will increase 10% next month and the result will affect the value of your portfolio. You will use two of option trading strategies using short put and long call in order to hedge the position. Please clearly explain the differences between these two strategies and show the payoff diagram for profit and loss. (Show how to calculate and show the payoff diagram with the number included.)