1. You purchased a call option on the S&P 500 (SPX) with a strike of $1,500. You paid a premium of $15. You also wrote an SPX call option with the same maturity date and a strike of $1,450. You received a premium of $14.50. At maturity, what is your total profit if SPX is trading at $1,475? (Enter your answer in $ accurate to two decimal places.)

2. You purchased 100 SPX put options with a strike of $1,400. You paid a premium of $15 per option. You also wrote 100 SPX put options with the same maturity date and a strike of $1,300. You received a premium of $11 per option. At maturity, what is your total profit if SPX is trading at $1,320? (Enter your answer in $.)