Assume the buyer (or the long) of 100 shares of Google stock at $100 per share also buys two (2) At-the-Money (ATM) $100 strike price put options at $3 each. What type of risk position has been created?

Assuming that the stock market is fair (i.e. the stock price is equally likely to go up or down at any time), what is the expected probability that the seller of a GOOG $115 strike price at-the-money call option at a $5 call option premium will earn a profit if the position is held until the expiration date?