Final answer:
The question tackles options trading where the payoff from call and put options varies with the performance of the underlying asset. A call option profits from a stock price rise, and a put option profits from a stock price fall. Determining the exact payoff requires additional details on prices and expiry.
Step-by-step explanation:
The subject of the question is related to options trading in the field of finance, which falls under business studies. Options trading involves contracts that give the buyer the right, but not the obligation, to buy or sell an underlying asset at a set price on or before a certain date. The payoff from a call option is the potential profit a trader makes when they have bet that a stock's price will increase. Conversely, the payoff from a put option is the potential profit when a trader has wagered that the stock's price will decrease. Depending on the stock's actual performance, these payoffs will vary. For example, in an 'Up Up' scenario, a call option would generally yield a profit, while a 'Down Down' scenario would result in a profit for a put option. Details such as exercise price, the price of the underlying asset, and expiration date of the option would determine the exact payoff.