In the previous example the investor had $100$ shares of YUM and a purchased April $$25$ put at $$1\mathrm{.}10$ and a sold April $$32$ call at $$1\mathrm{.}00.$ In April YUM closes at $$33.$ The payoff on the call $(100$ shares$)$ would be:

Question $14$ options:

zero

$+$$$100$

$-$$$100$

$-$$$200$