Question: [Chapter 20] Consider the following options portfolio. You write a January expiration call option on IBM with exercise price 130 and premium of $2.18. You

  1. [Chapter 20] Consider the following options portfolio. You write a January expiration call option on IBM with exercise price 130 and premium of $2.18. You write a January IBM put option with exercise price 125 and premium of $2.44. What will be the profit/loss on this position if IBM is selling at 128 on the option expiration date? What if IBM is selling at 135?

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