Options assignment. You are to complete the following using the attached WTI option chain from cmegroup.

1. Generate a payoff profile (table and graph) of a long put and a short call for the $58 strike options, include breakeven prices

2. Choose an option strategy of long or short, straddle, strangle, bear, bull, butterfly, or condor and calculate the initial cost or collected premium and provide a payoff graph.

3. Calculate the value of a call and put options for a $58.00 strike using the underlying futures price below, the expiration date of 15 Dec 2021 found in the cmegroup calendar tab, current date of 3/22/21, risk free rate of 2%, and volatility of 46.07%. Use the Haug formula that I showed you.

Underlying Future	Last	Change	Prior Settle	High	Low	Volume
DEC 21	58.69	59.04	57.71	58.47	58.71	51,736

Calls					Puts
Volume	Prior Settle	Change	Last	Strike Price	Last	Change	Prior Settle	Volume
13	8.67	-0.36	8.31	5500	6.07	1.11	4.96	420
0	8.37			5550			5.16	0
0	8.08			5600	6.1	0.73	5.37	35
0	7.79			5650	6.62	1.04	5.58	7
61	7.52	-0.8	6.72	5700			5.81	50
0	7.24			5750	6.95	0.92	6.03	1
95	6.98	-0.94	6.04	5800	7.12	0.85	6.27	12
2	6.72	-0.9	5.82	5850			6.51	0
0	6.46			5900			6.75	0