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John believes that NFLX performed well during the previous quarter and thus its earnings will exceed analysts' expectations. Therefore, he decides to follow a (Call)
John believes that NFLX performed well during the previous quarter and thus its earnings will exceed analysts' expectations. Therefore, he decides to follow a (Call) Bull Spread strategy. By doing so, if his expectations are materialized, he will attain a profit. However, if his presumptions are not correct, his losses are limited. Strike prices are $107 and $162 Premiums of $12 and $8 Stock price is $173 What is the total profit of your portfolio? Keep in mind that each call option contract controls 100 shares. Please round your answer to the nearest three decimals
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