Choose anyput contract that is OTM.

OTM for a put option means a strike price that is below the current market price. It is best to select a strike price that is two or three price steps lower than the current market price. You must include a screen snip of your options chain and calculate the break-even point, max profit, and max loss for both a put buyer and a put seller. Make sure that you know when to use the bid price or the ask price.

1. each one should have the matrix shown above and in the textbook.
2. Every section should include all formulas shown and the answers clearly indicated
3. you need to tell me why an investor would use the given strategy.