Answer:

To create a bull spread buy the $30 put and sell the $35 put

To create a bear spread you can sell the $30 put and buy the $35 put

Explanation:

a. A bull spread is a strategy that is used by traders in options trading to gain from small rise in prices. It involves buying at a lower strike price and selling at a higher strike price.

The outcome is:

Stock price >= $35 will give a payoff of 0 and a profit of 3

$30≤ Stock price <$35 will give payoff of (stock price - $35) and a profit of (stock price - 32)

Stock price <$30 with payoff of -5 and a profit of -2

b. A bear spread is when a trader buys a contract at a higher strike price and sells at a lower strike price. This is used to maximise profit as price of the stock declines.

The outcome is:

Stock price >= $35 will give a payoff of 0 and a profit of -3

$30≤ Stock price <$35 will give payoff of ($35 -stock price) and a profit of ($32 - stock price)

Stock price <$30 with payoff of 5 and a profit of 2

For the first choice it is "The events unfold at night" For the second choice it is "It creates secrecy". Hope this helped

4 1 2 i thins the is the answer hope i am right

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**My Answer: **</h3>

**A few descriptions about Zaroff's physical features serve to warn Rainsford and me are his high cheekbones, a very pointy nose, his black like eyes, and his two very pointed teeth.**

I think I will need to see the statement to know ...