Explain how the possible profit and loss possibilities arise for an individual who invests in a:
a. A Call Option
i. Be sure to explain what a Call Option is.
ii. Be sure to incorporate the cost of the Call Option in your analysis.
b. A Put Option
i. Be sure to explain what a Put Option is.
ii. Be sure to incorporate the cost of the Put Option in your analysis.
(Basically pick a random number got the call, a realistic one like $5 and pick a stock price for the sole purpose of simply explaining how a call works, do the same for the put, no need to use excel)