Consider the following option portfolio whose components have the same maturity: A long call option with a strike of $25 and a premium of $5A short call option with a strike of $30 and a premium of $3a.[2] What is the name of this option strategy?b.[3] Why would you use such a strategy?c.[10] Draw the profit graph of this portfolio at expiration as a function of the spot price of the underlying asset (label as much as you can to ensure the diagram is to scale)d.[5] Considering only the total profit, identify when this strategy does better and when it does worse than simply buying the underlying asset