Question: You buy 1,000 6 month Call Options at $3.00 each on JPM with a strike price of $90 with the stock currently trading at $88,

You buy 1,000 6 month Call Options at $3.00 each on JPM with a strike price of $90 with the stock currently trading at $88, you then sell 1,000 6 month Call Options for $1.00 with a strike price of $96? How much do you make or lose if the Price goes to $94, $86, $120?

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