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Peter has purchased a call option, put option, and one share of GameStop after reading a post on Reddit. The call option has an exercise
Peter has purchased a call option, put option, and one share of GameStop after reading a post on Reddit. The call option has an exercise price of $200 and the put option an exercise price of $100. He purchased the stock for $120. What is the value of his position if the stock price ends up being $75? Assume options are contracted to trade only one share.
a.$75
b.-$15
c.$100
d.$65
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