Question: You write one ABC August 85 call contract for a premium of $3.97. The option is held until the expiration date, when ABC stock sells

You write one ABC August 85 call contract for a premium of $3.97. The option is held until the expiration date, when ABC stock sells for $88 per share.

What is yourtotalprofit on this investment?

You take a long position in one XYZ October 55 put contract for a premium of $1.81. You hold the option until the expiration date, when XYZ stock sells for $55 per share.

What is your profit on this investment on aper sharebasis?

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