A speculator writes (or sells) a call option with a strike price of $85 and a put option with a strike price of $65 on one share of X Inc. common stock. Both options are European and expire a year from now. The call premium is $7 whereas the put premium is $5. For what values of the yearend stock price will the speculator generate a positive profit?

Price above $53 and below $97

Price above $65 and below $85

Price above $55 and below $95

Price above $51 and below $100

None of these