This option strategy is constructed with the following options:

A short put at X1

A long call at X2

A short call at X3

Please evaluate the possible profit outcomes at each strike price (X1, X2 & X3) for spot prices at each possible interval (S < X1; X1 < S < X2; X2 < S < X3 and S > X3).

In your answer, you could insert a 6x10 table (top right corner of the text box) and add the answer choices in the following way:

	X1		X2		X3
	Option equation		Option equation		Option equation
S	answer		answer		answer
X1	answer		answer		answer
X2	answer		answer		answer
S>X3	answer		answer		answer