Consider an option strategy called the Broken Arrow of Hope (BAR). In this strategy, you buy a call option on a stock well above the current stock price, sell a put also well above the stock price, and finally also buy the underlying stock at the same time. You plan to do this with Stock ABC, which is currently selling for $185. You buy 100 of the shares of stock. You are going to buy one contract of call options (100 options) with exercise price of $220 and premium of $2. Finally, you sell one contract of put options (100 options) with exercise price of $210 and premium of $30.

1. What is the profit on the total BAH strategy if the stock price turns out to be $250 at expiration? (10 pts)