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8 ) You are cautiously bullish on the common stock of the Wildwood Corporation over the next several months. The current price of the stock

8) You are cautiously bullish on the common stock of the Wildwood Corporation over the next several months. The current price of the stock is $51 per share. You want to establish a bullish money spread to help limit the cost of your option position. You find the following option quotes:
Wildwood Corporation Underlying Stock price: $51.00
Expiration Strike Call Put
June $ 46.00 $ 8.60 $ 2.10
June $ 51.00 $ 4.55 $ 3.10
June $ 56.00 $ 2.05 $ 7.60
Ignoring commissions, the cost to establish the bull money spread with calls would be __________.
A) $405
B) $1,065
C) $405 income rather than cost
D) $655

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