Suppose after you purchased an XYZ December 40 put at \(\$ 2\) the price of XYZ stock dropped from \(\$ 40\) per share to \(\$ 35\) per share, causing the 40 put to increase to \(\$ 6\). Evaluate in terms of profit and stock price relations the following follow-up strategies:

a. Liquidation

b. Do Nothing

c. Spread by selling a 35 put contract at \(\$ 2\)

d. Roll down by selling the 40 put and purchasing two 35 puts at \(\$ 2\) Evaluate at expiration stock prices of \(\$ 20, \$ 25, \$ 30, \$ 35, \$ 38, \$ 40, \$ 45\) and \(\$ 50\).