A trader creates a spread by selling a 6-month put option with a $30.00 strike price for $3.45 and buying a 6-month put option with a $36.00 strike price for $5.25.

The initial cost to set up the strategy is $Answer. Give your answer correct to two decimal places, or your answer will be incorrect.

The breakeven share price for the strategy is $Answer. Give your answer correct to two decimal places, or your answer will be incorrect.

This strategy is called a Answerbullbear-spread.

A trader creates a spread by selling a 6-month put option with a $30.00 strike price for $3.45 and buying a 6-month put option with a $36.00 strike price for $5.25. The initial cost to set up the strategy is $ Give your answer correct to two decimal places, or your answer will be incorrect. The breakeven share price for the strategy is $ Give your answer correct to two decimal places, or your answer will be incorrect. This strategy is called a * -spread