7- On January 11, I purchased a call and a put on Exxon with exercise price of $50 and March 15, maturity when Exxon was selling for $55 at a total cost of $11. On January 21,Exxon falls to $45 and I decide to close my position by exercising (assuming in the money) both my options. Compute my profit/loss. PS: In all questions above X denotes the exercise price of the options, C=call premium, P=put premium, and S=stock price