Assignment:
(1) Choose and apply one option strategy either a butterfly spread, bull spread, bear spread or straddle using either the S&P 500 index options or any options on an individual stock. You may go to https://www.cboe.com/DelayedQuote/DQBeta.aspx to get the most current data (Ticker SPX for S&P 500 index options or whatever ticker you want for your individual stock).
(2) Construct a plot of the profit profile of the strategy that you have chosen.
(3) Provide your own analysis why you want to implement such a strategy.
(4) Use the latest end-of-day price before you submit your project to evaluate how your position is doing and provide a brief summary of "what went right or what went wrong".
(5) Note: this is a mini project. Your report should not be more than 2 pages including the plot.