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Assume todays share price of Apple is $160. You think Apples stock will fall over the next 3 months. Today you observe the following option

Assume todays share price of Apple is $160. You think Apples stock will fall over the next 3 months. Today you observe the following option prices (all expiring in 3 months): Option 1: Put Option Premium = $4; with a Strike Price = $140 Option 2: Put Option Premium = $2; with a Strike Price = $130 Suppose you purchase Option 1 and also purchase Option 2. What is your breakeven stock price (on a per share basis) at expiration? A) $124 B) $126 C) $134 D) $136 E) $138

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