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32 You are cautiously bulish on the common stock of the Wildwood Corporation over the next several months. The current price of the stock is

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You are cautiously bulish on the common stock of the Wildwood Corporation over the next several months. The current price of the stock is $52 per share. You want to establish a bullish spread to help limit the cost of your option position. You find the following option quotes: Wildwoood Corp Underlying Stock price: $52.00 Expiration Strike Call Put June 47.00 8.70 2.20 June 52.00 4.60 3.20 June 5700 2.10 770 Ignoring commissions, the cost to establish the bull spread with calls would be $660 O $410 income rather than cost $1.080 $410

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