Question: You sold 2 put options with an exercise price X = $20 and bought 1 call option with X = $18. Both options expire in

You sold 2 put options with an exercise price X = $20 and bought 1 call option with X = $18. Both options expire in six months. At expiration, the stock price is $19. What is the payoff on this strategy? Note that each option is on one share of stock.

A. +2

B. +1

C. 0

D. -1

E. -2

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