If the January XYZ Corp. 59 call is selling for $1.25, and the January XYZ Corp. 60 call is selling for $.75, construct a bear spread using these January 59 and 60 calls.

Construct a table (like the one in attach) showing profit and loss if the options expire when the stock price is $0, $58, $59, $60, $61, $65, and $70, for each part of the spread, and the net profit or loss for the entire spread position

Buy the nearby Google 610 call @, $5 Sell the nearby Google 600 call @, $10 Stock Price at Option Expiration O 600 605 610 615 620 630 Short GOOG 600 call @ 10 +10 +10 +5 0 -5 -10 -20 Long GOOG 610 call @ 5 -5 -5 -5 -5 0 +5 +15 Net Profit/Loss from Position +5 +5 0 -5 U -5 -5 Max gain when stock price