3) The cooked up spread. You have been doing research on Ford Motor Company (F). You note that Ford is currently trading at $9.35. After doing some analysis you feel that a fair price range over the next year for Ford is between $15 and $17. You however, are unsure if you wish to invest in Ford over a long horizon and feel that an options trade may be most appropriate. You see that there are listed options with a June 21 expiration and that these would work for your purposes. You decide that you want to long one call with a $10 strike, you also decide that you don't want to spend much money entering the trade, so you short 10 calls with a strike of $15 as this aligns with your price range on F. What is the dollar outlay on this trade, max profit, and max loss (3 pts, one point per answer)? In your opinion is the potential profit with the risk (one point)? Now, what if instead you also buy 9 calls with a strike of $17 which was on the high side of your price estimate. What would be the max loss, max profit, and the two break even points if this is the trade you set up (4 points, one point per)? Calls for June 21, 2019 Contract Name F190621C00005000 5.00 $ 4.40 $ 4.30 $ 4.40 171 Strke Price Bid Ask Interest C00008000 S 8.00 159 S 1.54 S 1.58 4,242 F190621c00010000 10.00 0.52 0.49 0.53 14,986 F190621C0001200012.00 $ 0.15 $0.14 $ 0.15 52,671 F190621C00015000 15.00 0.05 0.04 $ 0.05 2,753 F190621C0001700017.00 $ 0.03 $0.01 $ 0.04 1,015 F190621C00020000 20.00 0.02$0.0 0.03 242 F190621CO0022000 $22.00 0.02 S0.04 654 3) The cooked up spread. You have been doing research on Ford Motor Company (F). You note that Ford is currently trading at $9.35. After doing some analysis you feel that a fair price range over the next year for Ford is between $15 and $17. You however, are unsure if you wish to invest in Ford over a long horizon and feel that an options trade may be most appropriate. You see that there are listed options with a June 21 expiration and that these would work for your purposes. You decide that you want to long one call with a $10 strike, you also decide that you don't want to spend much money entering the trade, so you short 10 calls with a strike of $15 as this aligns with your price range on F. What is the dollar outlay on this trade, max profit, and max loss (3 pts, one point per answer)? In your opinion is the potential profit with the risk (one point)? Now, what if instead you also buy 9 calls with a strike of $17 which was on the high side of your price estimate. What would be the max loss, max profit, and the two break even points if this is the trade you set up (4 points, one point per)? Calls for June 21, 2019 Contract Name F190621C00005000 5.00 $ 4.40 $ 4.30 $ 4.40 171 Strke Price Bid Ask Interest C00008000 S 8.00 159 S 1.54 S 1.58 4,242 F190621c00010000 10.00 0.52 0.49 0.53 14,986 F190621C0001200012.00 $ 0.15 $0.14 $ 0.15 52,671 F190621C00015000 15.00 0.05 0.04 $ 0.05 2,753 F190621C0001700017.00 $ 0.03 $0.01 $ 0.04 1,015 F190621C00020000 20.00 0.02$0.0 0.03 242 F190621CO0022000 $22.00 0.02 S0.04 654