I need this project assigment before thursday 8pmThe goal of this project is to combine the theory we have learned with the practice. Students will propose 5 different investment strategies and subsequently compare the expected payoff/profit diagram with the realized profits or losses. The strategies must involve derivatives (i.e. Bull (call) spread Bear (put) spread straddle …) **You can work in teams comprised by up to 6 students. We organized study groups some time ago. If any change to any of the teams is needed please send me an email requesting the change. A. QUALITATIVE RESEARCH You should include a qualitative analysis where you describe the five strategies selected by the group. For each strategy please explain: 1. The market setting in which your selected strategy incurs in gains or losses (i.e. if you follow a bear spread do you gain or lose if markets go up/down… do you gain or lose if markets move slightly or if there are wide market swings). 2. The holding period of your strategy (i.e. you will form a bull spread today and you will close it on Friday next week….. Please note you can buy derivatives with longer durations. That is you can buy a call option that expires in 2021 even though you are planning to close your position on Friday next week). 3. Any expected-events or the overall situation of the underlying stock(s) during the holding period of your strategy (i.e. WMT is expected to announce earnings or TSLA has experienced large price swings recently due to…). 4. Include a brief SWOT Analysis for each underlying firm. 5. The strike price(s) premiums (cost) and expiration of your options. *You can repeat the same firm in more than one strategy but make sure to choose at least five firms in total. *The qualitative analysis must be at least 2 pages (single-spaced and typed). QUANTITATIVE RESEARCH  Using the provided Excel spreadsheet as template (you can use a different template as well) please plot the profit diagram for each one of your five selected strategies. Recall that to calculate profits you must reduce the option premiums from your overall payoffs (same as we have done in class). 1. Please include a screenshot of the option chains (list of prices) showing the actual option strikes expiration and premiums (prices) you are selecting for your project. 2. Please include a screenshot showing the stock price at that time and the date when you get this information. This date is the date of “formation” of your strategies. 3. What are the stock prices that result in your maximum gain and maximum loss? What is the maximum profit and maximum loss? Page 2 of 2 4. Plot profit diagram keeping in mind you can only buy/sell options in contracts controlling 100 shares each. Thus always make this final adjustment by multiplying by 100 as learned in class. Please use a different sheet for each strategy. *Keep in mind you will be using the real values from real options (you can get the information from any source. For instance: https://finance.yahoo.com/quote/TSLA/options/). 5. A sample spreadsheet is attached for your convenience. It is the same solved during class and uploaded to the Module of Week 10 Chapter 8 under Class Notes and Recordings). Notwithstanding:  Please make sure to carefully follow all steps as learned in class when preparing the profit charts.  You can directly use this Excel spreadsheet for your project. However please prepare a clean version of these charts removing notes or hints that were added during class. C. CONCLUSION 1. From the qualitative portion of the project you have already selected the date in which you will close your positions. At that date go online and get the updated stock prices for each one of your underlying firms: (a) You only need the stock prices at this point (get the screenshot of each stock price) …. You may also (b) look at the options prices directly as well but doing so is optional and does not substitute step (a). 2. Assume that you close all your positions. Calculate the profits/losses you have attained from each strategy in the same sheet where you had “forecasted” all the possible scenarios. 3. Are your gains/losses within the range you had previously defined?