Question 7 Incorrect Mark 0.00 out of 1.00 Flag question You have bought a put option for $48.2 with strike of $152.7 and sold a put option for 32.1 with strike of $122.0. What is your maximum profit or loss from the position on the expiration date in 3 months if stock is sold at that time at 111.2. Oa. -14.60 b. 14.60 c. 46.80 d. 14.60 e. -46.80 x Your answer is incorrect. =-{Price Long Put}+{Price Short Put)+(max({{strike Long Put}-{Spot)),0))-(max({{strike Short Put}-(Spot)),0)) Put bear spread The correct answer is: 14.60