For the options fence problems below show all of your work to calculate realized price. the Options Fence Problem 1 sure. He an Gott Stockers thinks are going but he's not totally decides to use options fence strategy so that he can use premiums gained from selling a call to offset premium costs of buying a put. In April the October price purchases a $150 $1.05/cwt sells a $156 Call for $0.80/cwt. When Gott selss his cattle near the end of September. Cash price has dropped to $145 and underlying futures is $146. What is Gott's realized price for the feeder cattle not including broker's fees and interest costs? (Show all of your work)