Assignment - Protective Put Due Date: Monday, April 24. Refer to the data above. Buy 100 shares of stock and buy one August 165 put contract ( 100 underlying shares of the same stock). Hold the position until expiration. Determine the profits and graph the results. Determine the breakeven stock price at expiration (show this as BE of your chart), the maximum profit and the maximum loss. In a short paragraph, explain the benefits and disadvantages (in terms of risk reduction or otherwise) of this strategy to the buyer of this pair of assets. Additional information: a) Stock Price, So =1651/8 b) Use the possible stock prices of 150,155,160,165,170,175 and 180 dollars for the determination of the profits