Suppose a financial manager buys call options on 50,000 barrels of oil with an exercise price of $97 per barrel. She simultaneously sells a put option on 50,000 barrels of oil with the same exercise price of $97 per barrel. Consider her gains and losses if oil prices are $90, $92, $97, $102, and $104. (Do not round intermediate calculations. Leave no cells blank - be certain to enter "0" wherever required. A negative answer should be indicated by a minus sign.)

Market price

$90

$92

$97

$102

$104

Payoffs per barrel: