1. Suppose you purchase one crude oil August 55 European call contract quoted at $3.50 and write one crude oil August 55 European put contract quoted at $2.15. If, at expiration, the spot price of a barrel of crude oil is $60, your profit would be _ _. (Hint: Recall that each option covers 1,000 barrels and analyze the total profit of this position by analyzing the profit of each option separately and then sum.) 2. $1,500 3.-$3,500 4. $2,150 5. $3,650 6. $5,000