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19) Suppose you decide to use a bull put spread to express your long bias on stock XYZ so you sell 10 of the June

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19) Suppose you decide to use a bull put spread to express your long bias on stock XYZ so you sell 10 of the June 125 put and buy 10 of the June 120 put. a) (1) Using the June put prices above what would be the net price of that spread? b) (2) If the stock closes at $122 at June expiration, what would the profit of the option strategy be? (use the profit equation for each option in the spread and show all work - assume a $100 price multiplier to convert the quoted prices to actual dollars)

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