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Mr. X established the following spread on the Delta Carparatian's staek? (i) Purchased one 3 -month call option with a premium of Rs, 30 and

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Mr. X established the following spread on the Delta Carparatian's staek? (i) Purchased one 3 -month call option with a premium of Rs, 30 and an exereise price of Rs.550. (ii) Purchased one 3-month put option with a premium of Rg,5 and an exefeise price of Rs. 450 . Delta Corporation's stock is currently selling at Rs.500. Determine profit of loss, if the price of Delta Corporation's : (i) Remains at Rs. 500 after 3 months. (ii) Falls at Rs. 350 after 3 months. (iii) Rises to Rs.600. Assume the size option is 100 shares of Delta Corporation

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