Question: Consider a bull spread using July put options with strike prices of 160 and 170. What is break even spot price for the net profit
Consider a bull spread using July put options with strike prices of 160 and 170. What is break even spot price for the net profit of bull spread strategy?

Less than 155.
Higher than 155 but less than 160.
Higher than 160 but less than 165.
Higher than 165 but less than 170.
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