Question: Three put options on a stock have the same expiration date and strike prices of $55, $60, and $65. The market prices are $3, $5,
Three put options on a stock have the same expiration date and strike prices of $55, $60, and $65. The market prices are $3, $5, and $8, respectively. Alice buys the $55 put, buys the $65 put and sells two of the $60 puts. For what range of stock prices would this trade lead to a loss?

Three put options on a stock have the same expiration date and strike prices of $55, $60, and $65. The market prices are $3, $5, and $8, respectively. Alice buys the $55 put, buys the $65 put and sells two of the $60 puts. For what range of stock prices would this trade lead to a loss? greater than $64 or less than $55. greater than $65 or less than $56. o greater than $65 or less than $55. greater than $64 or less than $56
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