CALL
Strike	Symbol	BID	ASK
170	SPOT180928C00170000	6.1	6.7
175	SPOT180928C00175000	3.1	3.4
PUT
Strike	Symbol	BID	ASK
170	2018-09-21 3:53PM EDT	1.47	1.25
175	2018-09-21 3:45PM EDT	3.4	3

Use the options prices for Spotify Technoloogy to create a bear spread using the put options with strike prices 170 and 175. Be sure to use the appropriate bid and ask prices.

What will be your cash flow per share when you set up the position? Show all cash flows: inflows, outflows, and net flow. Inflow ___________

Net Flow___________

The maximum profit on the put bear spread is ___________

The minimum profit on the put bear spread is ___________

The breakeven point on the put bear spread is ___________

What will be your gain or loss per share on the net position if at expiration the price of Spotify is $172.25? ___________