On august 19 you bought the APR 15 , K=30 call and simultaneously sold the APR 15 K=32.5 call. The options were not exercised till their expiration.

Calculate your profit/loss per share at expiration if MMMLs price at expiration were $36.50/share.

On august 19 you bought the APR 15 , K=30 call and simultaneously sold the APR 15 K=32.5 call. The options were not exercised till their expiration.

Calculate your profit/loss per share at expiration if MMMLs price at expiration were $36.50/share.

MMM; TUE August 19 2014. St 27.50 CALLS LAST PUTS LAST Sep14 Oct14Jan15Apr15Sep14Oct14Jan15 Apr15 20 25 27.5 30 32.5 35 37.5 8.50 .35 3.50 3.80 .15 .50 1.35 .55 4.20 1.70 .75 35 .24 2.40 2.75 .45 1.30 5.85 8.10 11.0011.74 8.75 .05 1.00 8.85 9.50 .50 .94 12.50