Put options on a stock trading at $35 a share with strike prices $30 and $40. Cost: $4 and $6, respectively.

Make (i) a bullish spread and (ii) a bearish spread from these puts.

Construct a table which shows the profits (loss) for each strategy for change in stock price.

Possible stock prices at expiration are: $20, $30, $40, $50, $75