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IBM shares currently sell for $154. Some of its 3-month European options, at varying strike prices, currently sell for the following premiums. Description Maturity Strike

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IBM shares currently sell for $154. Some of its 3-month European options, at varying strike prices, currently sell for the following premiums. Description Maturity Strike Premium IBM 135 call 3 months 135 18.65 IBM 155 call 3 months 155 4.10 IBM 170 call 3 months 170 0.44 IBM 135 put 3 months 135 1.38 IBM 155 put 3 months 155 6.60 IBM 170 put 3 months 170 18.74 What is the (profit) break-even spot price of IBM shares if you short the 135 put? O 135 O 133.62 O 136.38 O None of the above

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