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please show work if possible Examine the following prices for WePlay, Inc. January 2021 options. At the time of the option quotes, WePlay stock traded

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Examine the following prices for WePlay, Inc. January 2021 options. At the time of the option quotes, WePlay stock traded at $60.00 Option Strike Call Price Put Price 55 10.50 3.75 60 6.50 6.00 65 4.25 8.50 70 2.75 11.50 Assume you take the following position: Sell one put with a strike of $60 Buy two puts with a strike of $55 If WePlay stock ends up at $58.50 at the expiration date for the options, what is the profit of the position (per share)? Ignore interest. $1.50 $3.00 $0 0-$1.50 -$3.00

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