Consider the following portfolio of options on Apple stock that mature in one year: Long two call options with a strike price of $90; Long two put options with a strike price of $110. Assume that the current stock of Apple is $100, and the standard deviation of apple is 35%. Also, assume that the risk-free rate is 5%. What is the largest possible profit of this portfolio at maturity?

Answer choices:

40

Infinity

220

137.12