Question: please check if my answer is correct or not An investors considers making a bull spread using 1-year European calls on S&P 500 index. The

please check if my answer is correct or not

An investors considers making a bull spread using 1-year European calls on S&P 500 index. The investor sees two European calls; one with the strike price of 1,900 is priced at $130 and the other with the strike price of 2,000 is priced at $50. Find the profit of this bull spread at the option expiration. (Note that the profit may differ depending on the future stock price ST .)

Action

Payoff at time T

ST K2

K2 > ST K1

K1 > ST

long call with K1

ST-1900

ST-1900

0

short call with K2

-(ST-2000)

0

net

100

ST-1900

0

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