Essays: Each essay should be at least on side of one page singled spaced. Use your own opinions and real examples not the textbooks.
a) Briefly discuss the importance of the options market and purposes that it serves. What are two pros and two cons about these speculative strategies using real-world examples.
b) Protective puts and covered calls are widely used hedging strategies. Give a real example of how and why you would use these two strategies along with an advantage and disadvantage.