Question: Three put options on a stock have the same expiration date and strike prices of $50, $60, and $70. The market prices are $3, $5,

Three put options on a stock have the same expiration date

Three put options on a stock have the same expiration date and strike prices of $50, $60, and $70. The market prices are $3, $5, and $9, respectively. Harry buys the $50 put, buys the $70 put and sells two of the $60 puts. Harry's strategy potentially makes money (i.e. positive profit) in which of the following price ranges? $70 to $80 $85 to $95 $55 to $65 $40 to $50

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