Question: How do speculators use long and short positions in put options? briefly explain. b) Describe the condition under which each of put buying and put

How do speculators use long and short positions in put options? briefly explain. b) Describe the condition under which each of put buying and put selling strategies would backfire. c) What is the maximum loss for a put buyer, and what is the maximum gain for a put seller? Note: this question deals with BOTH put buyer and put seller. Your answers to the 3 parts of this question MUST address BOTH put buyer and put seller

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