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Part 1: If you hold two XYZ Dec 90 calls and the stock splits 2 for 1, what will be your resulting position? Part 2:

Part 1: If you hold two XYZ Dec 90 calls and the stock splits 2 for 1, what will be your resulting position?

Part 2: What is the gain or loss for the following long butterfly spread if the stock is at $204 at expiration?

Buy 1 Jun 200 call at 9

Sell 2 Jun 205 calls at 5

Buy 1 Jun 210 call at 2

Part 3: Construct a bull put spread with the following options:

Apr 40 put at 3

Apr 45 put at 6

Show the P/L result over a range of 3847.

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