Imagine Microsoft stock sells for $310, to create this spread we need to:

Buy a call option that is in the money (strike price lower than current stock price) for example strike price $300

Buy a call option that is out of the money (strike price higher than current stock price) for example strike price $320

Sell two call options that are at the money (strike price equals current stock price) strike price $310

Imagine that these calls price with maturity in one month are:

• Call strike price $300: $17.5
• Call strike price $310: $10
• Call strike price $320: $5

Which profit/loss (including cost of the calls) if after one month Microsoft stock price is:

• $290
• $300
• $310
• $320
• $330