Question: You are following a (Put) Bear Spread strategy using two call options with strike prices 126 and 149, which have put premiums of 8 and
You are following a (Put) Bear Spread strategy using two call options with strike prices 126 and 149, which have put premiums of 8 and 14, respectively. If the stock price is 85, what is the total profit of your portfolio. Keep in mind that each call option contract controls 100 shares.
Please round your answer to the nearest three decimals.
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