Question: A trader writes 3 call options with a strike price of $40 and buys 2 put options with a strike price of $42. All these
A trader writes 3 call options with a strike price of $40 and buys 2 put options with a strike price of $42. All these options have the same expiration date. Each call costs $2 and each put costs $4. What is the traders profit when the price of the underlying asset is $41 at expiration?
a) $3
b) -$3
c) $1
d) -$1
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