a)

b)

You are holding 74 of a 21 35 Bear Put the market closes at 11.83 on the date that the options expire and you received 4.58 for the low put and paid 5.36 for the high put. How much do you make or lose? You are holding 108 of a 54 straddle the market closes at 48.32 on the date that the options expire and you paid 16,240 in total cost for the options. How much do you make or lose