Serena purchased two shares of one company at $34 today. At the same time, she bought a call option (with X = 40) for a premium of $2.50, sold two calls (with X = 45) for a premium of $1.50, and bought a put to be protected (with X = 32) for $3. What is Serenas profit (or loss) if the market price of the shares is $48 at the time of expiration of the options?