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

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

Repair strategy

Jan 2nd Buy 1000 XYZ $50

Today its XYZ is $40.

Long 10 XYZ April 40 Puts $4

Short 20 XYZ April 45 Puts $2

  1. Debit/Credit?
  2. What is the max profit?
  3. What is max loss?
  4. What is the breakeven point?
  5. Profit/Loss at $45/60/43/41/46?

2. Please say if its in/out the money

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