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SAWW You write a put option with x - 350 and buy a put with X-560. The options are on the same stock and have

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SAWW You write a put option with x - 350 and buy a put with X-560. The options are on the same stock and have the same expiration date. One of the puts Sells for 39: the other sells for 3. What is the break even point for this strategy? Is the investor bullish or bearish on the stock? Bullish, Break-even point-$53 Bullish, Break-even point 557 Bearish: Break-even point 554 Bearish: Break-even point 556

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