$10.$ Construct profit diagrams or profit tables on expiration to show what position in IBM puts, calls and$/$or underlying stock best expresses the investor$$s objectives described below. Assume IBM currently sells for $$150$ so that profit tables for stock prices between $$100$ and $$200($in $$10$ increments$)$ are appropriate. Also assume that $"$at the money" puts and calls cost $$15$ each.

$$ An investor wants upside potential if IBM increases but wants $($net$)$ losses no greater than $$15$ if prices decline.

$$ An investor wants to capture profits if IBM declines in price but wants a guaranteed limited loss if prices increase.

$$ An investor already owns IBM $($at a price of $$150)$ and wants to protect against price