Question: A trader creates a bear spread using put options with strike prices of $100, and $120 per share by trading a total of 20 option

A trader creates a bear spread using put options with strike prices of $100, and $120 per share by trading a total of 20 option contracts (10 short 100-strike put contracts and 10 long 120-strike put contracts). Each contract is written on 100 shares of stock. The 100-strike put option sells for $6 per share, and the 120-strike put option sells for $15 per share. What is the profit of the bear spread at maturity as a function of the then stock price?

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