10. Option Gains and Losses (LO2, CFA3) You create a “strap” by buying two calls and one put on ABC stock, all with a strike price of \($45\). The calls cost \($5\) each and the put costs \($4\). If you close your position when ABC stock is priced at \($55\), what is your per-share gain or loss?

a. \($4\) loss

b. \($6\) gain

c. \($10\) gain

d. \($20\) gain