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The market price of Andover stock has been very volatile and you think this volatility will continue for a few weeks. Thus, you decide to

The market price of Andover stock has been very volatile and you think this volatility will continue for a few weeks. Thus, you decide to purchase a 1-month call option contract with a strike price of $40 and an option price of $1.08. You also purchase a 1-month put option contract on the stock with a strike price of $40 and an option price of $.35. What will be your total profit or loss on all the transactions related to these option positions if the stock price is $37.40 on the day the options expire?

$92

-$92.00

-$130.00

$108

$117

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