The market price of a stock has been volatile, expect that volatility to continue.

Due to this belief you decide to purchase calls and puts to manage your exposure.

You purchase a one-month call option with a strike price of $25 and an option price of $1.30.

You also purchase a one-month put option with a strike price of $25 and an option price of $0.50.

What will be total profit or loss on these option positions if the stock price is $24.60 on the day the options expire?