Selling a deep out of the money call and purchase a deep out of the money put. Selling a deep out of the money put and purchase a deep out of the money call. Question 27 (1 point) Saved Shares of Wilfrid Industries are currently trading at 38 and the following option quotes are for 3-month options: 35 call $4.50; 40 call $1.50; 35 put $1.80; 40 put $3.50. What is the breakeven stock price and maximum loss on a bull call spread at expiration? Breakeven is $38 and maximum loss is unlimited Breakeven is $43 and maximum loss is $6 Breakeven is $38 and maximum loss is $3 Breakeven is $41 and maximum loss is $6 Question 28 (1 point) What is meant by 'open interest' of future contract? The number of long positions outstanding