1. Explain Puts and Calls as they are used in the investment community in relation to stocks. When would you use a put or call, specifically? In your own words, give an example to demonstrate one of these trading terms.2. Provide two examples of a constraint or preference that could impact an investor’s decision on what investment strategy to pursue. Since Portfolio objectives will always focus on return and risk, explain these terms in your own words and provide an example of how these objectives relate to a particular investment strategy.