Call Bull Spread $-$ Initial Cost:

Use the attached file to answer the following question:

You are cautiously bullish on the common stock of the Wildwood Corporation over the next several months. The current price of the stock is $$50$ per share. You want to establish a bullish money spread to help limit the cost of your option position.

Ignoring commissions, the cost to establish the bull money spread with calls would be $\_\_\_\_\_\_\_.$

Wildwood corp underlying stock price: $$50\mathrm{.}00$

June: Strike $45\mathrm{.}00,$ call $8\mathrm{.}50,$ put $2\mathrm{.}00$

June: strike $50\mathrm{.}00,$ call $4\mathrm{.}50,$ put $3\mathrm{.}00$

June: Strike $55\mathrm{.}00,$ call $2\mathrm{.}00,$ put $7\mathrm{.}50$

A$.$ $$500$

B$.$ $$650$

C$.$ $$1,050$

D$.$ $$400$