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Gen El ( GE ) Underlying stock price * : 18.95 Expiration Strike Call Put Last Volume Open Interest Last Volume Open Interest Jun 17.00

Gen El ( GE )

Underlying stock price*: 18.95

Expiration

Strike

Call

Put

Last

Volume

Open Interest

Last

Volume

Open Interest

Jun

17.00

2.18

166

61825

0.22

2140

45692

Jun

18.00

1.35

998

88907

0.41

12271

30692

Jun

19.00

0.75

9304

59264

0.78

4010

19372

Jun

20.00

0.34

2916

64367

1.46

554

8256

Using the information in the table, create a bull spread using the call options with strike price of 17 and 18. What is your breakeven point? Assume the time value of money is zero.

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