Question: TYPE OUT answer please and show all work. Do not use excel or write it by hand. Type out formula when possible. Bear Put spread

TYPE OUT answer please and show all work. Do not use excel or write it by hand. Type out formula when possible.

Bear Put spread

Short 20 XYZ April 60 Puts $4.5

Long 20 XYZ April 70 Puts $7

  1. Debit/Credit
  2. What is the max profit?
  3. What is max loss
  4. What is the breakeven point?
  5. Profit/Loss at $68/55/71/61/59

2. Please say if its in/out the money

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