Answer both question 4 and 5

When and why should you have a long put? a) You expect the stock price to go below a specific price, but would also like to collect a premium. b) You expect the stock price to go above a specific price, but would also like to collect a premium. C) You expect the stock price to go below a specific price, but would also like to have a cushion of protection. d) You expect the stock price to go above a specific price, but would also like to have a cushion of protection. Question 5 (Mandatory) (0.2 points) When and why would you have a short put? a) you are not interested in collecting a premium b) you are interested in collecting the premium and exercising your right C) you expect the strike price to remain above the stock price d) you expect the stock price to remain above the strike price