Question: Current price quote is $13. Try to form bear spread using put options and calculate the dollar amount net profit/loss of your bear spread when
Current price quote is $13. Try to form bear spread using put options and calculate the dollar amount net profit/loss of your bear spread when price becomes $12.3.

*Correct Answer is $0.2 ... Please explain how we determine this without EXCEL
Current price quote is $13. Try to form bear spread using put options and calculate the dollar amount net profit/loss of your bear spread when price becomes $12.3. Option Strike Premium Call 1 E1 = $12 c1 = $1.5 Call 2 E2 = $13 c2 = $0.6 Put 1 E1 = $12 p1 = $0.1 Put 2 E2 = $13 p2 = $0.6
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